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NY Fed sees small biz credit demand dropping

Ed Deak, a professor of economics at Fairfield University, said a key to small business borrowing is housing values and those continue to be challenged in this economy. “One of the things small businesses do when they apply for a loan is use property values as collateral,” he said.

Published in the Danbury News Times, Stamford Advocate, Greenwich Time, Connecticut Post on 8/11/11

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