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Posted on Mon, Mar 15, 2010 : 10:12 a.m.

Washtenaw County businesses give nation glimpse of bank loan fallout

By Paula Gardner

The relationship among lenders, small businesses and existing real estate loans gave U.S. readers a glimpse into how lending is stalled by new dynamics behind evaluating risk.

A Wall Street Journal article called "Loan squeeze thwarts small business revival" features Bank of Ann Arbor, Michigan Ladder Co. in Ypsilanti and Saline-based builder Peters Building Co.

According to the article: "A year and a half after the financial crisis hit, the U.S. credit machine is still malfunctioning. During the boom, credit was too abundant. Now the pendulum has swung. "

Read the story here.

Comments

Snarf Oscar Boondoggle

Mon, Mar 15, 2010 : 9:45 p.m.

saw mr. harrison on kudlow report tonight. bank of ann arbor, this is a local business (as you are) who keeps michiganders WORKING... make the loan; prevent impending unemployment. oh, i can move my account, if you wish.

AlphaAlpha

Mon, Mar 15, 2010 : 8:03 p.m.

If you are upset with the multinational banks, you can make a difference by moving your money to local banks: http://moveyourmoney.info/

MB111

Mon, Mar 15, 2010 : 12:53 p.m.

Good summary of today's problems

uawisok

Mon, Mar 15, 2010 : 11:25 a.m.

"Michigan Ladeer Co." Might want to fix spelling typo...Ladder...