Increase of loan rejection rate is causing difficulties in Korean-American business community

Uncategorized February 11, 2003 at 12:00 am

As the harsh post-September 11th economic environment continues, late and delinquent credit card and mortgage payments increased, followed by a deterioration of business and consumer credit. As a result, banks and finance companies are now rejecting over 30 percent of loan requests. Consequently, Korean-Americans seeking financing to start new businessesRead More