Access to capital is a hot issue for small businesses. Since the beginning of the recession, small firms have found it nearly impossible to get the funds they need to grow their business. Well, according to the Small Business Lending Index released by Direct Capital, things may be picking up. The report indicates that small […]
For at least the past five years, as we turned the corner into a New Year, I’ve talked about what a tough year it’s been for small business. And this year, is no different. I’m starting to sound like a broken record. As frustrating as it is to talk about, it’s even more frustrating for […]
Small business owners looking for help in growing their business may want to consider Sam’s Club as a great resource. The big-box wholesale club recently announced the launch of the Grow Your Business Book Camp Series 25 cities around the country. The Boot Camp series allows local Sam’s Club leaders to collaborate with community non-profits […]
Finally some good news for small businesses in terms of access to capital. According to the Biz2Credit Small Business Lending Index, small business loan approvals at big banks increased to 15.9 percent from 15.3 percent in January. That’s the highest approval percentage by big banks since Biz2Credit’s Index was introduced over two years ago.
Coming soon — less paperwork and greater access for borrowers and lenders of SBA loans. According an agency announcement, the changes are the result of a proposed regulation aimed at streamlining the SBA process, while also strengthening oversight and the integrity of the agency’s loan program.