Monday, January 11, 2010

Business is Getting better? and Me

The Bank of Canada today indicated today that the ' recovery is taking hold ' , with some major commentary around business financing, which is the business of 7 Park Avenue Financial .

Interestingly enough they referenced a survey of ' bank loan officers ' who indicated that lending conditions have stabilized after a period of what they referred to as ' tightening '. Again borrowers ' increased access to financing 'was referenced .

It was good to hear the many business referenced hiring potential and new equipment acquisition .

We deal with a number of these ' loan officers ' and I would agree that , as we have said before, it couldnt get any worse and it does feel better out there with respect to business financing and borrowing . Hello 2010!
Stan

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