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A Small World After All? Data Breakdown on Small-Business Lending
smallbusinesscreditnews.com

Loans in the $100,0000-to-$250,000 bucket, which peaked in mid-2007, have fallen 26 percent since then to $61 billion. (Banks reported small-business loan data once annually, for the second quarter, through 2009, and quarterly beginning in 2010.) …

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Udall re-introduces measure to boost credit union lending
smallbusinesscreditnews.com

At issue is a credit–union lending cap Congress adopted in 1998, under which the member-owned, nonprofit institutions must limit business loans to 12.25 percent of their assets. Udall’s bill would raise the limit to 27.5 percent, and proponents say …

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Credit-Building Tips for new US Citizen
smallbusinesscreditnews.com

The credit card you opened with your passport and business tax ID, and future accounts that you start with your Social Security number should be on the same credit reports — and factored into your scores — without you having to do anything. I presume …

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Loan program targets American Indian entrepreneurs
smallbusinesscreditnews.com

Hanson started The Marvelous Fish House and Market in Bemidji with a $177,000 loan from the Minnesota Indian Business Loan Program, which provides up to 75 percent of business startup costs. It’s believed to be the first American Indian-owned …

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How to manage your credit
smallbusinesscreditnews.com

A good credit management policy – putting procedures in place to make sure debts are paid – is essential for small businesses to ensure a healthy cash flow. Poor cash flow can tip profitable businesses into insolvency if they can’t get the cash on time …

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Should You Get a Small Business Credit Card?
smallbusinesscreditnews.com

… to take the plunge and launch a new business. Shazam! Suddenly you are required to acquire a whole range of new types of expertise, from marketing and sales to taxes and accounting. … Sekar quickly ticks off the main advantages of a small …

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Why Small Businesses Have Trouble Getting Credit
smallbusinesscreditnews.com

Even among small businesses, the smaller the company, the lower the odds that it has a loan (see figure below) or a line of credit. Only 15.7 percent of businesses with one or fewer employees have a business loan and only 33.7 percent have a line of …

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$2 million to aid statewide small-business loan program
smallbusinesscreditnews.com

The Nevada Microenterprise Initiative in partnership with its parent nonprofit lender the Valley Economic Development Center Inc. have added $2 million to support their small-business loan program statewide. Both NMI and VEDC will use the investment to …

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