More state businesses delinquent on loans
July 6, 2009
By MoneyAisle
According to the Journal Sentinel, “delinquent commercial loans have more than doubled in Wisconsin, leaving beleaguered banks bracing for a dose of bad debt from business borrowers.”
The first quarter in Wisconsin saw $2.2 billion of overdue commercial loans. A year ago, this figure was about $1 billion.
“All five of the largest banks based in Wisconsin reported higher delinquencies on commercial real estate and business operation loans in the first quarter, according to Federal Deposit Insurance Corp. figures.”