Who's Your Daddy?
SBA reports on small-business friendly banks
Just how friendly is your friendly neighborhood bank? The SBA can tell you. The SBA offers a number of reports that help identify the banks that are most active in making microloans in each state, among them Micro-Business-Friendly Banks in the United States.
The most recent version of this report shows a large jump in the number of microloans-up 19 percent from June 1997 to June 1998. As for actual cash, however, while the number of loans surged, the dollar amount inched upward only 3 percent. Smaller average-sized loans may reflect recent bank promotions of lines of credit and credit cards to small businesses.
Continue reading this article -- and everything on Entrepreneur!
Become a member to get unlimited access and support the voices you want to hear more from. Get full access to Entrepreneur for just $5!
3 months free with code ZENDESK
Presented by zendesk