businesses

Accion Texas offering bridge loans to San Antonio businesses
smallbusinesscreditnews.com

A bridge loan provides additional capital for a company that has already received a larger loan through a bank or other lender to finance a major project. These businesses will sometimes require additional funds to “bridge” over a gap in its financial …

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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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Federal disaster loans available to businesses and homeowners hit by …
smallbusinesscreditnews.com

Low-interest federal disaster loans are now available to Oklahoma residents and business owners as a result of President Obama’s major disaster declaration, U. S. Small Business Administration (SBA) Administrator Karen G. Mills announced.

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Co-operative Bank stops offering new loans to businesses
smallbusinesscreditnews.com

Signs that the Co-operative Group could retrench from some parts of the financial services industry – at least temporarily – emerged on Friday when its banking arm pulled out of offering new loans to business clients. Ever since the mutual’s banking …

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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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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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New York Fed Poll Shows Little Help for Credit-Strapped Businesses
smallbusinesscreditnews.com

Small businesses in New York, New Jersey, and Connecticut are still having trouble getting credit, according to the latest poll by the New York Fed, which was announced today. Only 63 percent of those companies that applied for loans or credit lines in …

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Credit conditions improve for small businesses
smallbusinesscreditnews.com

About 44% of small businesses received full funding on credit applications last year, up from 8% of applicants in 2011, according to the bi-annual Small Business Credit Survey. The New York Fed said fewer businesses were “discouraged” by credit …

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