Kansas City lending slowing

The Star:

Contrary to popular belief, Kansas City area banks are making loans. They’re even fighting for them.

Several bankers called on Jeff Svilarich, hoping to land the $1.5 million mortgage on Red Oak Landscaping’s new home in the Metcalf 211 industrial park.

“There seemed to be a lot of interest in it, which caught me off guard reading that banks aren’t lending,” said Svilarich, who wrapped up the new loan this month. “That didn’t impact us at all.”

But financial reports do show that many area banks aren’t holding as many loans as they did just a year ago.

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