House subcommittee hears from MI business groups
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Posted: 6:00 AM Nov 30, 2009
House subcommittee hears from MI business groups
Southfield, MI
A subcommittee of the House Financial Services Committee will hear from small business leaders and advocates in Michigan about lack of access to financing.
Reporter: The Associated Press
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A subcommittee of the House Financial Services Committee will hear from small business leaders and advocates in Michigan about lack of access to financing.

The House Financial Services Subcommittee on Oversight and Investigations holds a field hearing at 11 a.m. Monday at Lawrence Technological University in Southfield.

Democratic Rep. Gary Peters of Oakland County's Bloomfield Township, a committee member, requested the hearing and will be attending.

Peters says in a release small banks are struggling to raise capital, and small businesses are having trouble securing loans at reasonable terms.

The hearing, called "Improving Responsible Lending to Small Businesses," is open to the public.
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