Back to the Basics of Loaning Money
by: Debbie Kelley
Although decreasing bank loans remain the number one economic concern in 2010, the well for corporations and small businesses is hardly dry.
Commerical Loans: Set aside the "is-the-recession-over" debate and what do you have? Inklings that the economy is improving.
Would-be borrowers are now coming to the table with better balance sheets than in recent months, which means lenders such as UMB Bank are able to approve more commercial loans.
"Business owners are seeing more revenue coming in and more profitability, so they' re able to get financing for property, equipment, working capital and lines of credit," says Greg Welch, a vice president of commercial lending at UMB.
This is an excerpt from the March 2010 issue of Colorado Springs Magazine.
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