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Small Business Use of Loans, Deposits Not Necessarily Tied Together

Since November 2004, commercial and industrial loan activity has steadily increased, but there appears to be no connection between small business owners use of loans and their inclination to use other related products and services.

By Michelle A. Samaad | Updated on June 19, 2007

LOMBARD, Ill. — Since November 2004, commercial and industrial loan activity has steadily increased, but there appears to be no connection between small business owners use of loans and their inclination to use other related products and services.

According to a report from Raddon Financial Group titled Strategic Planning Study Group Fall 2206–Lending and Business authored by Bob O’Meara, vice president of research, there is the likelihood that some small business owners have not yet made the full transition over to business banking. Researchers surveyed 2,620 small businesses between September 2005 and September 2006. Financial institutions over and under $5 billion in assets were also surveyed.

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