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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 […]

A Cautionary Small Business Tale

Great CNN article submitted by Marti Benedetti called “How to lose money fast:Open a Business.” Many people go into business with an overly optimistic attitude and little or no preparation. Some start up business owners avoid seeking technical assistance or counselingcounsel as they do not want to hear that there may be something wrong with […]

Small Businesses Need Loans in Order to Survive

The national press is finally paying attention to the notion that it is going to be small businesses that lead us out of the recession. This CNN article points the problem out vividly in that small businesses can not survive without the ability to borrow from banks. First their credit lines were taken away, then […]

CNN: Emergency Small Business Loans

The CNN take on Arc Loans: Starting next week, struggling companies will be able to apply for up to $35,000 in debt-relief loans through a new stimulus program. By Emily Maltby, CNN NEW YORK (CNNMoney.com) — One week before its emergency loan program is slated to launch, the Small Business Administration issued guidelines for banks […]

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