Eight members of the Independent Community Bankers of America (ICBA) met with President Obama on Tuesday to discuss concerns over banking regulations that slow the increase in small business lending that the White House so desires.
The meeting comes just weeks after Obama met with chief executives of the nation’s largest banks to discuss how they [...]
All Posts Tagged With: "Small Business Loans"
President Obama Meets With Community Bankers, Discuss Small Business Lending
Warren Buffett, Goldman Sachs (NYSE:GS) Working Together to Help Small Business?
In an attempt to shore up their shattered images to many people, Warren Buffett of Berkshire Hathaway (NYSE:BRK-A) and Goldman Sachs (NYSE:GS) are working together in efforts to help small business. As big business siphoned off the stimulus dollars, largely leaving small business out in the cold, it seems this is an attempt to court public [...]
November 18th, 2009 | Gary | Comments | Continued
Will Any TARP Money Reach Small Businesses?
If you’re a small business in trouble and you have hopes of receiving some type of government aid via TARP funds, I would be cautious about managing your expectations and looking to other sources or your own ingenuity to battle your way out of the economic crisis.
While reports have come out that the Obama administration [...]
Small Business Credit a Long Way from Recovery
The majority of small business financing comes from personal credit cards, home equity lines and business credit lines. As most small business owners know, all three of these have dried up, and there is very little sign that this is going to change any time soon.
There are so many variables involved with this issue that [...]
Effects and Longevity of Recession on Small Business Depends on Sector Served
While it’s highly unlikely the assertion by the Federal Reserve that the recession is winding down and sustainable economic growth would resume, for most small businesses that wouldn’t be of much comfort, as small business is similar to unemployment figures in that they are considered a lagging indicator of what is happening in a recovery.
For [...]
KeyBank’s (NYSE:KEY)’Key4Women’ Program Exceeds Expectations
Saying it was determined to offer qualified women-owned businesses $2 billion in loans in 2007, with the goal of reaching those numbers by 2012, KeyBank (NYSE:KEY) recently announced that as of April 2009, they have already exceeded those goals, having over $2 billion in loans in place through the program.
Now that KeyBank has reached those [...]
Limit on “Good Will” by SBA Slowing Small Business Acquisitions
Small business owners attempting to sell their businesses, along with business brokers are frustrated over the rules of the SBA concerning good will, which has stopped a lot of business deals from being completed because of the inability to get the financing to close the deals.
Starting in March the SBA capped the top loan amount [...]
ARC Loans: Answer to Small Business Financial Problems?
In case you haven’t heard about an ARC loan, or if you have but are confused on what it does and how it relates to small business owners, here are some guidelines to help you understand what it was created for, who qualifies for it and whether you can count on it at all.
Before defining [...]
New JPMorgan Chase (NYSE: JPM) Small Business Cards Will Compete with American Express (NYSE:AXP)
Understanding that small businesses have suffered greatly during the economic crisis and have had little in the way of business credit from banks available to them, JPMorgan Chase (NYSE: JPM) has launched a new small business credit card initiative which will directly compete with American Express (NYSE:AXP), which could be good for small business owners.
The [...]
Small Businesses and Their Value to Local Economies
Last June the United States Small Business Administration released its latest figures via its Small Business Profile, which is published annually by the government agency. Unsurprisingly, in a number of U.S. states they were by far the source of new jobs created for the time period reported.
It didn’t matter what size of business they were [...]
Wells Fargo (NYSE:WFC) Leading the Way on Small Business Loans
While most major banks have cut back dramatically on making loans to small businesses, Wells Fargo (NYSE:WFC) has upped its efforts in the area, and they’re now considered No. 1 in the American marketplace for small business loans.
To give you an idea on how this has been playing out over the last year or so, [...]
