Tue, Feb 09 2010
|
|
Published November 27, 2009 09:17 am - It’s harder, much harder for businesses and entrepreneurs to find financing in Wichita and across the nation. Tight credit slows down Kansas business developmentWICHITA, Kan. (AP) — It’s harder, much harder for businesses and entrepreneurs to find financing in Wichita and across the nation.
A year removed from the national economic collapse, the commercial credit cycle in Wichita has tightened so much after aviation layoffs that good deals aren’t getting done. It’s enough to frustrate everyone — bankers, brokers and developers — as commercial development slows to a crawl with no turnaround in sight. “I’m turning down deals, good deals that I know we should be doing,” said Jeff Ronen, president of Kanza Bank’s east Wichita office. “I am of the opinion that lending standards aren’t going to loosen over time like they have in the past. We’re all going to remember how this thing happened, and it’s going to take a whole new wave of young bankers for this credit to loosen.” The bottom line: Sources say there’s little or no credit available in Wichita for retail, office and condo development. There’s some financing available for multifamily housing since vacancy rates are low, but that’s about it. 
![comment on this story](http://community.cnhi.com/eve/ubb.x?a=dl&f=55410432
&x_id=local_story_331091728.html&x_subject=<img+src="+http://www.joplinglobeonline.com/images/zope/business.gif"+Border=0>++Tight+credit+slows+down+Kansas+business+development&x_link=http://www.joplinglobe.com/local/local_story_331091728.html)
•
Click to discuss this story with other readers on our forums.
More from the Local News section
Tomorrow's News Now for Wednesday
|
Print this story
E-mail this story
Post to del.icio.us
Twin Rivers plant in Neosho to close permanently, 485 jobs to be lost
Missouri lawmakers take first steps to ban fake pot
Dave Woods: Joplin, Pittsburg cheer teams headed to Branson
 |
 |
: Special Offer For New Subscribers
:
 |
||||||||
|
||||||||
 |
|
|
Published by Newspaper Holding, Inc. 117 East Fourth Street, Joplin, MO 64801 Using our site is your agreement to the terms and conditions. News: news@joplinglobe.com • (417)623-3480 Advertise with the Joplin Globe Copyright © 2006 The Joplin Globe, Joplin, MO All rights reserved. 
|
Popular Business directory links - Joplin Apartments | Joplin Attorneys | Joplin Auto Dealers | Joplin Auto Parts | Joplin Auto Repair | Joplin Beauty Salons | Joplin Car Rental | Joplin Dentists | Joplin Doctors | Joplin Flowers | Joplin Hotels | Joplin Insurance | Joplin Loans | Joplin Mortgages | Joplin Movers | Joplin Pizza | Joplin Realtors | Joplin Restaurants | Joplin Storage | Joplin Tax Preparation | Joplin Travel | Joplin Featured | More...
|
|
Community Newspaper Holdings, Inc. • CNHI Classified Advertising Network • CNHI News Service |
![Add a comment on this story](http://www.joplinglobeonline.com/zope/add_comment.php?section_id=local&story_id=local_story_331091728.html&headline=<img src=" http://www.joplinglobeonline.com/images/zope/business.gif" Border=0> Tight credit slows down Kansas business development&portal_url=http://www.joplinglobe.com&portal=joplinglobe){kind=link}