Loans

Do Small Business Lending Programs Work?

By Dawn R. Rivers - Jan 3, 2013 - 3 Comments

You gotta love the Government Accountability Office (GAO). Their job is to do the research requested by Congress or written into legislation in order to make sure that government programs are doing what they are supposed to be doing. My only complaint about them is that they are not required or … Read More

Helping Women Business Owners Access Capital

By US Small Business Ad… - Dec 23, 2012 - 6 Comments

Women-owned businesses are one of the fastest growing segments of the small business community. Today, about 30% of small businesses are owned by women, compared to about 5% in 1970. This is good news. However, women business owners still face several challenges when it comes to growing their … Read More

Time to Raise the MBL Cap for Credit Unions?

By Rohit Arora - Nov 29, 2012 - 1 Comment

Fred Becker, President and CEO of the National Association of Federal Credit Unions (NAFCU), is calling upon Senate leaders to pass a bill to raise the credit union member business lending cap (MBL) from 12.25 percent of assets to 27.5 percent. Increasing this cap would allow credit unions to make … Read More

Small Business Loans for Superstorm Sandy Victims

By Tom Gazaway - Nov 23, 2012 - 6 Comments

Many small businesses have been hit hard by Hurricane Sandy. Food trucks got washed away, retail shops are reeling, many have still not re-opened, transportation companies have been hit hard, and many others have been forced out of business or have taken a serious body-blow from Sandy. One … Read More

Receive Startup Loans In A Snap With Biz2Credit iPad App

By Annie Pilon - Nov 14, 2012 - 1 Comment

It’s a simple concept – businesses need capital in order to grow. But actually finding these funding sources can prove to be tricky. And many options available to brand new businesses come with high interest rates or other strings attached, making it difficult for these startups to actually … Read More

Small Business Financing Options For Those With Not So Great Credit

By Tom Gazaway - Nov 6, 2012 - 20 Comments

If you are an entrepreneur or small business owner who does not have good personal credit but you need a small business loan of some kind to start, build, or grow your business then there's good and bad news for you. We're really not here to talk about the bad news because you already know the … Read More

Lending To Small Businesses Jumped In September

By Rohit Arora - Oct 11, 2012 - 1 Comment

Big banks are back in small business lending. During a month in which the overall volume of loan applications increased by 5.6%, the Biz2Credit Small Business Lending Index revealed that approval rates jumped 30% at big banks during in September 2012. The Index found that 14.2%.of funding … Read More

A Tip of the Cap Could Increase Credit Union Lending

By Rohit Arora - Oct 4, 2012 - 1 Comment

As Members of Congress have returned home in the run-up to Election Day on Tuesday, November 6th, credit union supporters continue to educate elected officials about issues of importance to their industry. There are a host of developments in Washington, DC, of importance to credit unions. Most … Read More

Big Bank Lending Drops While Small Bank Lending Increases

By Rohit Arora - Sep 18, 2012 - 12 Comments

Small companies pursuing capital during the month of August found mixed results from lenders. In a month where the overall volume of loan applications increased by 4.3%, my company's Biz2Credit Small Business Lending Index, a monthly analysis of 1,000 loan applications, revealed that approval rates … Read More

Increased Approvals of Small Business Loans by Big Banks Are a Good Sign for Entrepreneurs

By Rohit Arora - Aug 20, 2012 - 3 Comments

Lending at big banks (classified as banks with $10B+ in assets) are rising, thanks to increased activity by mid-sized institutions within this category. This is welcome, positive news for small business owners. The July 2012 Biz2Credit Small Business Lending Index, a monthly analysis of 1,000 … Read More

Almost Half of U.S. Declared Drought Disaster Area: Small Business Loans Available

By Anita Campbell - Aug 2, 2012 - Leave a Comment

This summer, the U.S. has faced its worst drought in over 50 years. Farmers and other small businesses that depend on the weather, are facing financial hardships because of it. The U.S. Department of Agriculture (USDA) declared drought disaster areas in nearly half of the nation’s counties … Read More

Financing Your Startup: Are Government Grants an Option?

By US Small Business Ad… - Jun 5, 2012 - 1 Comment

“Can I get a government grant to finance my business?” This is one of the most commonly asked questions posted by entrepreneurs and owners of young businesses in the SBA Community. And, in most cases, the answer is “no.” However, some small businesses, particularly those engaged in … Read More