PPP Lending Fuels Commercial Loan Growth in February

Free content from Automated Financial Systems, Inc. -- AFS

PPP Lending Fuels Commercial Loan Growth in February Total commercial loan balances expanded in February, reversing the decline seen last month. While much of this growth was fueled by Paycheck Protection Program (PPP) lending, C&I bilateral loan balances outside of this program also increased modestly. As the economy normalizes and business confidence continues to improve, lenders are hopeful that C&I balances will regain much of their lost ground. Average interest rates charged on commercial loans were down in February from the prior month across most segments, a trend that was commensurate with an overall improvement in credit quality.

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