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Who's Your Daddy?

SBA reports on small-business friendly banks

This story appears in the April 2000 issue of Business Start-Ups magazine.

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.

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