Posted by admin on September 17, 2014 in Uncategorized - Comments are off for this post
Study Shows Small Businesses in Majority Minority Areas Can’t Get Business Finance
A recent study conducted by the non-profit research and policy organization - the Woodstock Institute - has shown that small businesses located in low-income majority minority areas are being failed by banks and are struggling to secure the working capital fund necessary to make their businesses succeed.
The recent study analyzed small business loan applications between 2008 and 2012 from the six-country Chicago... Continue reading →
Posted by admin on April 29, 2014 in Uncategorized - Comments are off for this post
Over Two Thirds of Small Businesses Unaware of Merchant Cash Advance Loans and Alternative Lending Solutions
Small business owners seeking loans and finance solutions to take advantage of new opportunities - or just keep going during difficult times - are approaching banks and traditional lenders for much needed funding. However, traditional lenders have been exercising great caution in recent years due to the poor economic climate, and they are less willing to take risks. As a result, the banks... Continue reading →
Posted by admin on April 29, 2014 in Uncategorized - Comments are off for this post
Merchant capital funding, alternative business loans and traditional business loan approvals dip in March
The March figures from the Biz2Credit Small Business Lending Index shows a dip in small business loan approvals from the big banks, which fell from 19.1% in February to 18.8% this month, bringing to an end a three month positive trend. While the first quarter of 2014 ends on a slight low, overall big bank small business loan approvals are up by just over 18% year on year.
Small bank approval... Continue reading →
Posted by admin on March 25, 2014 in Uncategorized - Comments are off for this post
The recession struck hard and for many small business owners, recovery is proving to be an extremely long process that is being hindered by a lack of available finance. Without funding it is all but impossible to stimulate growth and take advantage of new opportunities.
According to a recent report in the Wall Street Journal, it appears that some ethnic groups are finding it harder than others to secure finance, with SBA small business loans failing to reach African-American entrepreneurs.
Before... Continue reading →
Posted by admin on March 25, 2014 in Uncategorized - Comments are off for this post
January and February are typically sluggish months for lenders with many small business owners experiencing slow growth until the spring. However, small business owners will be encouraged by the latest lending figures, which clearly indicate an increase in loans to small businesses over the previous 12 months.
Loan approvals have increased 4% year on year according to the latest Thomson Reuters/PayNet Small Business Lending Index for January. PayNet compiles its figures from new loans issued... Continue reading →