Tag Archives: lending

Is Small Business Lending Declining?

Businesses say it often and if you’ve recently formed an LLC, you may have already experienced it: Small business lending is declining, at least according to small business owners in America. We’ve heard it, but is it true?

Sam’s Club testing new online SBA lending program

Sam’s Club, a division of Wal-Mart, has announced that it is testing a new online small business lending program to help spur business formation and growth.

Wyoming seeing a major boom in small business loans

Small businesses in Wyoming are showing strong signs of small business formation and growth.

Goldman Sachs brings its 10,000 Small Businesses Initiative to Los Angeles

Goldman Sachs’ 10,000 Small Businesses Initiative will funnel $20 million to community-based financial institutions to help increase lending to entrepreneurs.

New Jersey community bank will now support SBA lending

Two River Community Bank in Middletown, New Jersey, says it has formed an SBA lending division to help support new small business formation and job growth.

SBA event will match lenders with entrepreneurs

The U.S. Small Business Administration and SCORE – Counselors to America’s Small Business – are organizations that continually work to help small business owners get their ideas off the ground. Now, the two are teaming up to help match aspiring New Jersey entrepreneurs with SBA lenders and help them get the funding they need to […]

Increase in credit union cap could free up $10B in business loans

Credit union activists are trying to encourage lawmakers raise the credit union lending cap – a move that could allow credit unions to give out $10 billion in additional loans for business formation and other uses.

Recent loan advance scam targeting small business owners

A recent wave of fraudulent loan scandals has targeted small business owners who may have been denied credit at other lending institutions as they try to create a corporation.

Economists push for more federal aid for small businesses

Recently, the Obama administration supported legislation that would bring nearly $30 billion worth of funds to community banks to increase small business lending, but some officials believe more needs to be done to boost small business formation and – hopefully – hiring rates.

Small business lending bill may benefit prospective business owners

The Small Business Administration reports that small businesses are predicted to lead economic recovery as SMBs have created 64 percent of net new jobs in the past 15 years. Now, the administration is making an effort to spur business formation – and job generation – with an appeal to increase credit for small businesses.