Build-A-Story: Can't get a loan? We want to know
Post banking reporter Binyamin Appelbaum needs your help on a story about the tight, tough situation facing those who are looking to borrow money:
We're looking for small business owners who are looking for money.
Bank lending is in steep decline. Fewer people are getting money to buy homes or cars; fewer businesses are getting money to expand or hire new employees.
President Obama says the problem is that banks aren't making enough loans, that they're turning away worthy borrowers and delaying economic recovery.
The banks say the problem is that fewer people want loans, that banks want to increase lending as much as anyone else, but it's beyond their control.
We'd like to see the issue through your eyes. We're interested in speaking with small business owners in the Washington area who have tried to borrow money in recent months. Why did you want to borrow money? How hard was it to get a loan? If you couldn't get a loan, what have the consequences been?
We are planning to write a story exploring whether local businesses can get the money they need and if not, what obstacles have held them back. Help us by sharing your experiences and insights.
Contact banking reporter Binyamin Appelbaum at email@example.com or 202.334.6166.
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