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Banks still lending, but easing up on easy credit terms: demand for business expansion loans drops, especially in construction.

Publication: San Diego Business Journal
Publication Date: 27-OCT-08 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Banks still lending, but easing up on easy credit terms: demand for business expansion loans drops, especially in construction.(Special Report)

Article Excerpt
No doubt about it, banks are much tighter these days with their money, but most are still lending.

"All of us are making as many loans as we can," said Hans Ganz, chief executive at Pacific Trust Bank, a Chula Vista-based savings bank with about $850 million in assets.

"If you want a real estate loan today, there's no problem getting it. But you're no longer going to get it without putting any money down or no verification of your income."

Pacific Trust Bank and most other community banks didn't make subprime mortgage loans and thus avoided problems associated with that meltdown.

But...

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