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Bank loans may come back in the fold for a majority of businesses


While the economy remains unstable, businesses across the United States are finding it harder to obtain capital. However, a recent survey may begin to put a positive light on the nation's lending market. The survey, conducted by Pepperdine University and Dun & Bradstreet Credibility, found 68 percent of the 6,000 businesses they surveyed said they are likely to try to borrow from a bank in the next six months, reported The Associated Press.

“In many ways, bank loans are a bellwether of the strength of our economy," overseer of the study, John Paglia, an associate professor of finance at Pepperdine’s Graziadio School of Business and Management, told the source.

Paglia told the AP that businesses who are able to receive bank loans are less likely to rely on the funds of their owners to help run their companies. This is good news for business owners, as sinking their personal funds into their business can be a risky practice.

Bank loans are a great way for business owners to receive working capital, but they should make sure their firms are protected with the proper business insurance policies when they decide to apply for these types of lending opportunities.

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