If You’ve Got it, Lend It!
Hoping to thaw the credit freeze that has chilled the economy, thesent banks an unmistakable message to put aside fears and open up loan windows for cash-starved businesses and consumers who have pulled back on spending.
“What we’re trying to do is get banks to do what they are supposed to do, which is support the system that we have in America. And banks exist to lend money,” White House press secretary Dana Perino said. While there are limits to Washington’s power to affect banks’ behavior, the White House decided it was time to use its bully pulpit.
“They (regulators) will be watching very closely, and they’re working with the banks,” Perino said. read more
Interestingly, lending is certain sectors continues on “business as usual”. One such sector is veterinary medicine lending. Here we continue to see banks clamor to tie up loans with some of the nation’s most credit worthy individuals: veterinarians. Key industry lenders support the veterinaryloans.com website, and applying here, as well as directly to lenders is proving successful when other industries struggle to borrow a nickle.