Few takers for new small-business loans :: HarVest Bank of Maryland

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Few takers for new small-business loans

July 31, 2009

The prevailing sentiment to tighten belts during rough economic times might be one factor behind the lack of participation in the new SBA program, speculated John P. Hollerbach, founder and CEO of Harvest Bank of Maryland in Gaithersburg.

"They may also not be getting through the underwriting process or they may not be qualified," Hollerbach said of small businesses.

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