Big Banks have abandoned small businesses
Bank of America and company ... funding "small businesses" that make $20 million per year.
The numbers are just staggering.
Bank of America and Citibank, who collectively control about 20% of all deposits in the country, only made .6% of all SBA 7A loans in 2010.What the hell? Those numbers are insane! Why do we bank with institutions that have completely abdicated any semblance of supporting small businesses? And it's not just BoA and Citi.
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