Bryan Moeller, Director of Small Business Banking at Wells Fargo, and Jeff Stibel, CEO of Dun & Bradstreet Credibility Corp., discuss how banks are currently lending to small businesses. Moeller talks about how banks have seen a decline in lending, but that more recently there has been an increase in demand for loans. When people were burned by credit, the same thing occurred with small businesses and the economic uncertainty led to a confidence problem. Stibel points out that while banks may have seen demand decrease for loans, there was still an increased demand in capital, but it was shifted away from the banks.
Bryan Moeller and Jeff Stibel explain:
Interested in learning more? Check out this expert panel discussion that describes the entire loan process and how you can get the capital you need to grow your business