Best Banks For Small Businesses
The nation's top 100 microloan lenders.
Looking for a little extra expansion capital? You couldn't have picked a better time. According to a report by the U.S. Small Business Administration's Office of Advocacy, bankers are lending money to small business like never before. Some $15.8 billion was lent to small businesses last year by the 478 banks in the SBA's new ranking of the top microlenders. "That's a 5 percent increase over 1995 and is a good indicator that credit is more available than it has ever been," says Jere Glover, chief counsel for the Office of Advocacy, which compiled and published the Micro-Business-Friendly Banks in the United States, 1996 Edition report.
Glover cites a number of reasons for the lending increase. "A lot has to do with an increase in lending to women," he says. "More women are starting businesses, and bankers are beginning to realize they are good loan risks."
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