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Survey Reveals Conflict in Biz Lending Forecasts

While 67% of respondents predicted a 2014 increase in business lending, nearly half said credit availability is unchanged.

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While credit unions and banks remain optimistic about their commercial lending activity this year, conflicting survey results hint that lenders may want to downgrade their forecasts.

In April, financial information company Sageworks surveyed 417 credit union and banking professionals who work closely with their institution’s lending portfolio, and found 67% said they would either be making more or significantly more commercial loans this year.

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