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Banks Continue to Decrease Small Business Lending

This news came out mid-December, but some of you may have missed it due to the holidays. This article from CNNMoney.com points out that “the 22 banks that got the most help from the Treasury’s bailout programs have decreased their small business lending by a collective $11.6 billion since April, when the Treasury began requiring […]

Small Business Lending Making a Comeback?

It appears that the SBA is showing an increase in the number of government backed loans. In the last quarter of 2009, the SBA backed over 12,000 7a loans as compared to the same quarter in 2008 where the total was only 9,000. While encouraging, the last quarters numbers are quite a bit lower than […]

Tough Time to Borrow

We’re seeing a real downturn in the number of banks interested in doing business loans including SBA loans. If you are in startup mode, its going to be even harder. The Small Business Administration last week encouraged banks that participate in SBA lending to be more willing to do loans and not rush to call […]

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