Credit crunch? What credit crunch?

An interesting note from Briefing.com suggests there is not a credit crunch for normal business. The report uses information from the Federal Reserve to show that commercial and inustrial loans continue to rise at a steady pace.

"Commercial and industrial loans have risen every single month since late last year (except for a flat month in August) and are up strongly each week in October. … The real problem for credit availability has been solely within the financial sector. Hedge funds, brokerage funds, and companies investing in commercial real estate have hit the wall in terms of access to credit. There is a huge problem for financial firms."