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Business loans aim to boost Native American entrepreneurship
smallbusinesscreditnews.com

BEMIDJI, Minn. — Even though the city of Bemidji is surrounded by three Indian reservations, there have been few Native American-owned businesses in town. Now, a Red Lake tribal member has opened a new restaurant. It’s believed to be the first …

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CEI praises bill to raise credit unions’ member business lending cap to 27.5 …
smallbusinesscreditnews.com

CEI The Competitive Enterprise Institute on Tuesday praised legislation introduced by Sens. Mark Udall (D-Colo.) and Rand Paul (R-Ky.) to increase the credit union member business lending cap to 27.5 percent of assets for eligible institutions.

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Co-signer, Joint Account Holder, Guarantor: Know the Difference
smallbusinesscreditnews.com

If you’re thinking about sharing a credit card account with someone, take heed. All shared accounts aren’t the same. There are different policies with different names and your charging rights and liability for debt could vary greatly depending upon the …

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Oakland looks to give micro-loans to small businesses
smallbusinesscreditnews.com

OAKLAND, Calif. (KGO) — An effort to help business owners in Oakland get ahead, may move forward tonight. The City Council is considering a partnership with a micro-lending outfit. It is an arrangement supporters hope will help lift the local economy.

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Small business loan guarantees growing
smallbusinesscreditnews.com

In addition to loan guarantees, the SBA makes an impact on the economy by administering or assisting with a slew of government contracts to small businesses. The agency also provides small business counseling services and helps administer disaster …

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Fed: Competition pushing down banks’ loan margins
smallbusinesscreditnews.com

One of the major reasons behind the trend, though, is good news for commercial borrowers of all stripes: fierce competition in the Minneapolis-St. Paul commercial loan market. Ron Feldman, senior vice president at the Minneapolis Fed, has heard that …

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Here’s Why the Business Loan Boom May Be the Next Bust
smallbusinesscreditnews.com

A recent Fed survey of bank loan officers shows that 65% of banks have relaxed commercial lending standards, while reporting no such easing of their residential lending terms. In addition, 33% are including fewer clauses in these loans, which would …

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Credit unions outperform banks in serving smaller businesses, survey says
smallbusinesscreditnews.com

One Vancouver respondent to the CFIB survey reported having 22 account managers in 19 years of doing business with HSBC. Credit unions have become the best option not only for micro firms with fewer than five employees, but also for small- and …

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