Are lenders lending??? Follow along one man's quest...
Very interesting...Small Business owner seeking a loan and will post the results on his blog...
check it out:
http://silveradosys.blogspot.com/
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With that in mind, I need a loan. But are banks lending?
My position is that they are not lending. But rather than hem-and-haw about the situation, I intend to determine for myself if banks aren't lending to small business.
The following banks will get a loan application from Silverado Systems, Inc. in the next two weeks:
Sierra Vista Bank
Folsom Lake Bank
First Northern Bank
IronStone Bank
Bank of America ($25,000,000,000 in TARP funding)
Wells Fargo Bank ($25,000,000,000 in TARP funding)
Five Star Bank
Umpqua Bank ($214,181,000 in TARP funding)
River City Bank
California Bank & Trust
California Federal Bank
Imperial Bank
Sacramento Commerce Bank
Sonoma National Bank
Western Sierra Bank
Mechanics Bank
Comerica Bank ($2,250,000,000 in TARP funding)
Tri Counties Bank
Stockmans Bank
American River Bank
Bridge Bank
First US Community Credit Union
We will report the results from every single bank right here on this blog. Either "yay" or "nay."