Last week’s news that total commercial lending is up for the first time in three years but small-business lending continues to fall got The Agenda wondering: Is that true across the board? Or are some banks actually making more small-business loans, while others are making fewer? We know that the biggest banks are making fewer [...]
Who’s Making Small-Business Loans
Who's Making Small-Business Loans
Last week’s news that total commercial lending is up for the first time in three years but small-business lending continues to fall got The Agenda wondering: Is that true across the board? Or are some banks actually making more small-business loans, while others are making fewer? We know that the biggest banks are making fewer [...]
Stimulus Bill-Small Business Loan News
The word is out that the new stimulus bill (American Recovery and Reinvestment Act of 2009) has a special provision creating a Federal government secondary market for SBA guaranteed loans. If you are a small business owner, will this loosen up my lender purse strings and allow some money to trickle down from the big [...]
Business Loans Rise
Small businesses at the Shore were approved for more loans at the end of last year, the U.S. Small Business Administration said Wednesday, in a sign that the tight credit standards may be thawing. Forty-nine Monmouth and Ocean county businesses received SBA-backed loans worth $18.1 million during the last three months of the year, up [...]