Small-business lending grew 4.9% to $282.3 billion in the 12 months through June 1995, but with wide regional variations, according to an article by the Federal Reserve Bank of Cleveland.

While the Midwest, Southeast, and Southwest posted double-digit growth in business loans of less than $1 million, the Northeast experienced a 13.9% drop, according to the article, one of the most comprehensive analyses of small-business lending during the period.

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