Lending and credit professionals at some banks are expecting to make significantly more commercial loans in 2011, according to a new survey.
Of the 159 banks surveyed by Sageworks, a financial information company, 57.3% said they plan to make more or significantly more commercial loans in 2011 compared to 2010. Meanwhile, 31.4% plan on making about the same amount of loans and 11.3% plan on making fewer commercial loans.
Sageworks said this optimistic view on lending might suggest a higher confidence in the nation's economy and an interest in improving the current state of commercial lending.
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The financial institutions were surveyed from Sept. 28 to Oct. 18.
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