Business

Resource Centre » Business » US commercial, industrial loans shoot to $3 trillion, an all-time high since 1973

US commercial, industrial loans shoot to $3 trillion, an all-time high since 1973


US commercial, industrial loans shoot to $3 trillion, an all-time high since 1973

June 5, 2020 at 6:00 AM

The United States commercial and industrial loans have shot up significantly in the wake of the coronavirus pandemic. Data gathered by Learnbonds.com shows that by the third week of May this year, the loans stood at $3.04 trillion, an all-time high since January 1973 when the figure was $134.04 billion.

Learn more