Small business is pretty big business in the federal government’s bureaucracy. President Obama elevated the position of Small Business Administration administrator to cabinet level back in 2012 and its operating budget – just salaries and general overhead costs – is about $430 million. Of course, there’s a lot more cash involved in SBA loans and […]
A recent study published by the Democratic staffers of the Senate Small Business & Entrepreneurship Committee details how difficult it is for women to get funding for their startups. While women own 30 percent of all small businesses, they only get $1 out of every $23 loaned. The story is about the same in the […]
A recent headline said, “Small Business Lending Reaching ‘New Normal.’” The story outlined how the Pepperdine Private Capital Access Index for small businesses rose to 27.7 from 27.1 in February. It gives us a measure of demand for and ease in getting financing, including loans. Further, 44 percent of the small businesses surveyed last month […]
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.