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Big Banks’ Lending to Small Businesses Decline, Small Banks More Stable
Lending to small businesses plummeted by $15 billion in first quarter of this year according to reports released by U.S. Small Business Administration’s Office of Advocacy. Small business lending has...
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Reasons for Small Business Loan Fund not Being Utilized Fully
Small business loan fund amounting to $30 billion is supposed to add additional capital for cash-strapped entrepreneurs. But then ten months later those funds haven’t made it out of the coffers of US...
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Small Business Lending Garners Steam
Obama is trying to make changes in lending policies and is urging Congress to make changes in regulations so as to enable entrepreneurs find required finances to grow. Credit access still remains the...
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SBLF Spells Success For Small Business Owners
The Small Business Lending Fund (SBLF) has been a success story of the Federal Government. The lending fund has given out $4 billion in capital to 281 community banks. Among the other recipients are 51...
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How to get a Business Loan if your Financials aren’t Perfect. Yes, it’s...
Can I get a loan if I’ve filed for bankruptcy? Getting a loan after you’ve filed for bankruptcy can be challenging, but it is not impossible. Generally you will have to wait 4 to 6 years from your...
View ArticleSmall Business Lending Approval Gains Momentum but Not as Expected
The U.S. Treasury Department’s Small Business Lending Fund (SBLF) has become a source of small business loans. About 650 community banks have applied for $9 billion in capital from the SBLF. A surge in...
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