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GE CEO: Small Business Credit Demand Picking Up

May 20, 2009 | Reprints | Unlock Link | Print

General Electric Co. Chief Executive Jeff Immelt said Wednesday that small business demand for credit has begun to pick up after being "nonexistent" in the first quarter.

"Small business demand for commercial lending has grown dramatically," Immelt said in a live interview on CNBC business television.

The head of the largest U.S. conglomerate said he was "encouraged" by the restructuring of the GE Capital finance unit. (Reuters)

Commercial & Industrial

GE CEO: Small Business Credit Demand Picking Up

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GE CEO: Small Business Credit Demand Picking Up

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GE CEO: Small Business Credit Demand Picking Up