The growing uncertainty surrounding the coronavirus pandemic has created a surge in demand for financing from commercial firms, according to the latest Federal Reserve Senior Loan Officer Survey and to proprietary research recently released by RSM. The Fed's survey showed that demand for loans from large and medium-size firms, as well as small firms, ... READ MORE >
commercial loans
How banks can help their customers navigate the coronavirus shock
As banks begin to help their small and midsize commercial borrowers obtain financing under the CARES Act, the reality is setting in just how severely the economy is being disrupted by the coronavirus. Even though the CARES Act provides a stimulus package of $2.39 trillion, or 11.4% of gross domestic product -- along with a relaxing of rules ... READ MORE >
Declining demand for commercial loans points to continued uncertainty
Demand for commercial loans softened dramatically in the third quarter, as noted by both the Federal Reserve Bank of New York and Federal Deposit Insurance Corporation, signaling that businesses continue to be cautious about making capital investments amid a not-yet-signed trade deal with China and slowing economic growth. Both large and small firms ... READ MORE >