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Small Business Report: 5/12

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    Small business lending slowly improving

  • Duration 1:10
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The chairman of the Federal Reserve the nation's top bankers said small business lending is improving but it's still down 15% from pre recession levels.

The latest monthly survey of small companies from the National Federation of Independent Business confirmed a modest improvement in credit conditions in April.

Responses to the monthly National Federation of Independent Business survey.

Also suggests a modest improvement in a small business sector.

To share respondents reporting a need for credit has moved up from lows -- recent years.

And the -- share respondents to say that credit is more -- to obtain that it was three months ago is notably below its peak.

In 2009.

One continuing problem for entrepreneurs small business owners in the past might have tapped into the equity in their homes or use their homes as collateral for loans.

But -- home prices down so much and still falling in many areas they have not been able to tap that kind of funding as much.

-- Friday survey also found small business -- slightly more optimistic but still at levels of early last year.

That's it for this edition of the small business report I'm Peter Barnes Fox Business Network.

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