smallbusiness

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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$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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Small-business Q&A: Review personal credit score when seeking loan
smallbusinesscreditnews.com

And just because you’ve had credit problems in the past doesn’t mean your small-business loan is doomed. SCORE Houston counselor Anil Prasad recommends explaining the problem and how you resolved it in your business plan, then being prepared to …

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Wells Fargo & Co. expands small-business initiative
smallbusinesscreditnews.com

The bank said it plans to add business specialists this year and two new secured credit products for small businesses – a line of credit of up to $100,000 and a secured credit card with a balance of up to $25,000. Altogether, the bank said the new …

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Small-Business Loan Approvals Improving at Smaller Banks
smallbusinesscreditnews.com

Small-Business Loan Approvals Improving at Smaller Banks Loan approval rates for small businesses by small banks jumped for the fourth straight month in March, reaching a new high of 50.8 percent, according to the index from Biz2Credit. Its monthly …

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Huntington Exceeds Small-Business Loan Goals
smallbusinesscreditnews.com

The Columbus, Ohio, company announced Tuesday that it has exceeded its three-year pledge to lend $4 billion to small businesses across its six-state footprint. Since 2010, Huntington has issued over 24,000 small-business loans throughout Ohio, Michigan …

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Bailed-out banks haven’t met goals of small-business lending program, report says
smallbusinesscreditnews.com

Banks used billions from a small-business lending program to repay government bailout funds, rather than on its intended purpose — making more loans to mom-and-pop operations, according to a watchdog report released Tuesday. The Small Business …

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A Modest Proposal to Open Up Small-Business Credit
smallbusinesscreditnews.com

Suppose we were to allow lenders to be paid back with a percentage of an entrepreneur’s future earnings — irrespective of what company the entrepreneur ends up building or working for.

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