Poll Reports Decrease of Business Loan Requests in Current Economy

HOBOKEN, N.J. — The financial industry has seen various changes as a result of the current economy and the subprime crisis and the latest results of the Credit Union Times online voting poll aimed to see how the economy has impacted business loans in the credit union world.

Of the readers that reported their credit union offers business loans the largest percentage, 24%, reported seeing a decrease in loan requests during the economic downturn, subprime crisis and tightening of credit. Following closely behind, 22% of readers reported that they haven’t noticed any significant changes in the amount of loan requests. Sixteen percent of voters reported that they had actually seen an increase in loan requests.