The lending market for small businesses cratered during the recession and has been on a jagged path of recovery. To help fill the void, entrepreneurs are finding alternative financing sources.
The money is coming back in business borrowing-- so why don't businesses want it? Here's a look at what some innovative community banks are doing to try to be your lender.
All through the recession, small businesses have struggled to find the capital they needed to grow. But as 2010 drew to a close, business owners reported their access to capital is improving. Helping to make the frozen lending wheels turn again are several new sources of federal backing for small-business lending in the past year. […]
Entrepreneur‘s 2011 Growth Conference 1. Use crowdfunding sites. Peerbackers.com Profounder.com 2. Hire people who love your business. 3. Leverage insights from your financials.
$30 billion funding bill press conference this morning bank loans easing their credit standards Banks need business. Few are applying. Companies with collateral win. best banks approving just over half of collateral-based loans VC drying up. lack of VC is choking off hiring clogging the VC pipeline
In the world of small-business loans, it’s the worst of times and the worst of times. The volume of new small-business loans amongst the nine big U.S. banks that received federal bailout money plummeted nearly $20 billion in January compared with December, the U.S. Treasury Department reports. The banks loaned nearly $36 billion, the smallest […]
We all know that banks aren’t lending like they used to, and the outlook for 2010 doesn’t seem to offer much hope. One southern business journal recently called the small-business lending climate “dire.” While SBA-backed loan volume accelerated in the third quarter last year, so did default rates. The Wall Street Journal called the outlook […]