Our 2007 report to you indicates that, since our 2002 report, small business access to credit has been robust. Credit conditions have no doubt tightened since mid-August, but small businesses seem generally to have been able to retain access to credit.
However, the effects of recent events are complex, the data are spotty and mixed, and it is far too early to draw  4  The two components sum to more than 45 percent because some loans are collateralized by both business and personal real estate. 6  BIS Review 129/2007  any firm conclusions.