Small Business
Green Shoots at Last: Small Business Lending Finally Starting to Thaw
Take heart, small businesses — big banks are beginning to lend to you again. For the first time since 2006, lenders are making it easier for companies with annual sales of less than $50 million to get “construction and industrial” loans, according to the Federal Reserve Board’s latest bank lending survey.
In particular, around one-fifth of large domestic banks reported having eased lending standards for small firms, which offset a net tightening of standards by a small fraction of other banks.
What small business owners and managers really want to know is this: Do banks’ more stringent underwriting standards represent a return to a normal lending environment following years of easy money, or are financial institutions making it excessively hard to borrow even for creditworthy firms?
I wish I had a clear answer. Unfortuna
Popular Posts
- Foreclosures Can Have Lasting Credit Effects
- Weekly Review-Giveaway, Deadly sins, Debt busters and more
- Is Your Identity at Risk from Friends and Family?
- Why the Duel Between Obama and Wall Street Over Elizabeth Warren Isn’t Only About Her
- Green Shoots at Last: Small Business Lending Finally Starting to Thaw
- Rule of Law: Why We Need to Freeze Foreclosures
- How the Foreclosure Mess Could Cause Banks to Crash
- Walking Tall: Illinois Sheriff Refuses to Evict Homeowners
- Nick Clegg appeals to Liberal Democrat party faithful
- $4 Gasoline, Again
- Bank of America to Eliminate Overdraft Fees
- Capital One Rewards Catalog 2011 Is Here
- Dollar Matters: It’s for the Kids Edition
- SmartPhone Apps For Personal Finance
- UK motorists warned of fuel price rise
Similar Posts
- NY Times: Principal Reductions for some Option ARMs
- The Next Consumer Credit Education Crisis: Auto Loans & Refinancing
- How to put an end to all your problems with mortgage
- TARP Trap: How the Bank Bailout Saved the Financial World — and Threatens it Anew
- Revlon Gets a Debt Makeover as Bills Come Before Beauty
- Basel III Won’t Save Banks, Taxpayers, From Basel IV
- The Ins and Outs of Personal Loans
- South Africa’s tourism continues to struggle
- Credit mistakes we are not guilty of
- The Great Gainesville Car Title Loan
- Delinquent Payments Fall to New Lows
- Report: $20 Billion Mortgage Servicer Settlement being Discussed
- New York AG Tries to Enhance Credit CARD Act’s Student Protections
- After Foreclosure: The Bounce Back Buyers
- 2011 Outlook for Banks and Mortgage Companies