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Banks Increasing Small Business Lending Activity

February 23, 2012

As a result of the perception that the economy may be turning around, many banks have recently sited they will put a focus on small business lending.

“According to a survey of 409 bankers conducted by research firm Omega Performance, 77% of respondents said they were likely to increase their small business lending activity. For those banks that don’t offer small business products and services, 78% said they were planning to actively pursue offering them.”

How will you react when the economy turns around?  Will you change your approach on which loans you are focusing on?  The FMSI Retail Branch Study (a free download at fmsi.com/lobbymanagement) can help you better understand your lobby performance as it relates to sales and service.  The detailed data and analysis included in this white paper reveal how financial services executive management teams can leverage their retail branch business intelligence to manage and improve lobby performance.

Excerpt taken from the Credit Union Time Michelle Samaad article Banks Ready to Jump Back into Business Lending

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