In a Jan. 20 joint letter to Congress, members of the Associated Builders and Contractors, and the Independent Community Bankers of America asked that regulations hampering lending be eased.
In the letter, ABC President and CEO Kirk Pickerel and ICBA
President and CEO Camden R. Fine said, “We support a return to a more balanced
regulatory environment that would allow community banks to continue to serve
the needs of their local customers – small businesses. In fact, community banks
support 31 percent of all small business loans that are less than $1 million.
During this time of economic recovery, it is critical that small businesses
have access to such funds.
“Small businesses are the backbone of our economy and give
Americans a sense of pride and accomplishment in our country,” the letter said.
“Many community banks have relationships with small construction firms and are
anxious to make good loans in order to spur job creation.”
Groups ask for small-business lending
January 25, 2011