Summary
Some small-business owners are just waiting to see what's going to happen with the credit markets, says Andrew Linehan, senior vice president and senior loan officer at the New York Business Development Corp. (NYBDC), an organization owned by banks throughout New York. KeyBank National Association, an SBA partner in the 7(a) program, has seen a slight drop in volume, but not much, said Steven Lelinski, vice president of business banking with KeyBank in Buffalo, also during the conference call.
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Extract
Sba Banks Encourage Businesses to Seek Loans
Small-business owners in upstate New York should continue applying for bank loans because the credit is available, said Michael Pappas, a New York City-based regional administrator with the U.S. Small Business Administration (SBA).
Pappas spoke ...See the full content of this document
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