Federal Reserve Chairman Ben Bernanke - AP Photo
WASHINGTON -- A Federal Reserve survey finds banks are seeing more small businesses in the U.S. apply for loans. That's according to the Fed's quarterly survey of loan officers for large banks.
The percentage of banks reporting increased loan demand from companies with annual sales of less than $50 million rose to the highest level since 2005, the survey found.
Economists see the increase in demand for loans as a good sign for future economic growth because it indicates that more companies are confident and may be looking to hire more and expand.
First Coast News