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Small Business Lending

Small Banks STILL Struggling Despite Wall Street Bailout

AP | DANIEL WAGNER | Posted 05.25.2011 | Business

WASHINGTON — To the list of economic woes squeezing small banks, add another one: government bailouts. The Treasury Department's bailout progra...

Sam's Club Will Offer Small Business Loans

AP | MAE ANDERSON | Posted 05.25.2011 | Business

NEW YORK — Wal-Mart's Sam's Club chain is teaming up with a lender to offer loans of up to $25,000 to its small business members. The program i...

Obama's Small-Business Program Could Create $300 Billion In Credit for Small Businesses

Bloomberg | Laura Keeley and David Henry | Posted 05.25.2011 | Business

President Barack Obama is on the verge of creating as much as $300 billion in credit for small businesses as bankers raise doubt about whether there's...

Senators Move to Revive Estate Tax at Reduced Rate

AP | Posted 05.25.2011 | Politics

WASHINGTON — The federal estate tax would be revived, but at a reduced rate, under a plan being pushed by two senators, a Democrat and a Republi...

Shahien Nasiripour

Small Business Confidence Deteriorates; Economy 'Mediocre At Best' | Shahien Nasiripour | Posted 05.25.2011 | Business

Small business confidence plummeted last month by the largest amount since the height of the financial crisis as lackluster economic growth and anemic...

Shahien Nasiripour

As Lending To Small Businesses Plummets, Bernanke Implores Banks To Do More | Shahien Nasiripour | Posted 05.25.2011 | Business

After more than 40 summits held across the country to figure out why the nation's small businesses aren't getting the loans they need and qualify for,...

Bernanke Calls Out Banks For Stiffing Small Business In Favor Of Big Firms

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — Big companies are building up cash and are expected to report strong earnings starting this week. Not so for small businesses that ...

Obama Small Business Lending Bill Headed To Congress

AP | MARTIN CRUTSINGER | Posted 05.25.2011 | Business

WASHINGTON — The Obama administration has sent Congress a proposal to create a $30 billion support program to unfreeze credit for the nation's s...

Credit Unions Hang Tough, See Surge in Deposits

Stacy Mitchell | Posted 05.25.2011 | Business
Stacy Mitchell

Data from the last 18 months show that the country's 7,600 credit unions are in fact outperforming big banks and rapidly expanding their market share. Since the start of 2009, credit unions have added more than 1.5 million new members.

Ryan McCarthy

'The Fourteenth Banker,' Anonymous Bank Insider, Describes His Moral Crisis: 'The System Is Built To Be Gamed' | Ryan McCarthy | Posted 05.25.2011 | Business

"The system is built to be gamed." "The voices of dissent are not being heard." These are the words of an anonymous executive at one of Americ...

Shahien Nasiripour

Fed Still Doesn't Know How To Stimulate Lending To Small Businesses | Shahien Nasiripour | Posted 05.25.2011 | Business

Two years after the credit crunch mushroomed into a full-blown credit crisis, the Federal Reserve continues to search for answers in its quest to boos...

Shahien Nasiripour

Federal Reserve Adopts Megabanks' Arguments, Warns Against Added Protections For Small Business Credit Card Users | Shahien Nasiripour | Posted 05.25.2011 | Business

The Federal Reserve warned Congress in a recent report that protecting small businesses from the kind of "harmful" credit card practices it prohibits ...

Small Business & Credit Unions: A Valuable Partnership

Fred R. Becker, Jr. | Posted 05.25.2011 | Business
Fred R. Becker, Jr.

In honor of National Small Business Week and with all the recent discussion about small business lending initiatives on Capitol Hill, I thought it was...

Shahien Nasiripour

Another Monthly Drop In Lending By Biggest Bailed-Out Banks | Shahien Nasiripour | Posted 05.25.2011 | Business

The biggest recipients of taxpayer bailouts cut lending again, at a rate twice that of smaller lenders, new federal data show. The nation's biggest...

Christina Marie Fierro

Top Official, Citing TARP, Doubts Obama's Small Business Lending Plan | Christina Marie Fierro | Posted 05.25.2011 | Business

The watchdog overseeing TARP doubts that President Barack Obama's plan to boost lending to small businesses will actually work, according to prepared ...

Too Small to Fail: Domestic Microfinance, Real Help for Small Businesses and the Economy

Eric Weaver | Posted 05.25.2011 | Business
Eric Weaver

Microfinance can and does work in the U.S. The loans are larger than in the developing world, and the businesses financed are different. But the impact on people's lives and the local economy is real.

Shahien Nasiripour

Federal Oversight Panel Slams Obama's Small Business Plans, Says Administration Not Doing Enough | Shahien Nasiripour | Posted 05.13.2010 | Business

A federal oversight panel criticized the Obama administration's attempts to boost small business lending, expressing doubts on everything from the pla...

Banks expand small-business loans

AP | RACHEL BECK | Posted 05.25.2011 | Business

NEW YORK — Banks know what the public wants to hear: They're lending money to the little guys. JPMorgan Chase & Co.'s new ad campaign publicizes ...

House Lending Inquiry: Lawmakers Probe Banks' Lending To Small Businesses, Commercial Real Estate

AP | MARCY GORDON | Posted 05.25.2011 | Business

WASHINGTON — U.S. regulators fended off complaints Friday from lawmakers and small business owners that overly strict rules for banks have preve...

James Kwak: JPMorgan Ad's Dubious Promises To Boost Lending | James Kwak | Posted 05.25.2011 | Business

At The Baseline Scenario, James Kwak challenges a new JPMorgan ad that pledges to lend $10 billion to small business this year: "according to the ad i...

Ryan Grim

Reid Spars With CEOs, Walks Out Of Meeting | Ryan Grim | Posted 05.25.2011 | Politics

Corporate America descended on Capitol Hill Wednesday morning hoping to ride the small business gravy train that's been gaining steam. Instead, they c...

FDIC: Bank Lending Tumbles 7.5 Percent In 2009 | Binyamin Appelbaum | Posted 05.25.2011 | Business

Lending by the banking industry fell by $587 billion, or 7.5 percent, in 2009, the largest annual decline since the 1940s, the Federal Deposit Insuran...

Shahien Nasiripour

Banks Could Get Money From New Obama Proposal -- And Still Not Lend | Shahien Nasiripour | Posted 05.25.2011 | Business

The Obama administration's new proposal to stimulate the economy would send money to smaller banks, with the hope that they would then lend it to smal...

Shahien Nasiripour

Obama's $30 Billion Small-Business Plan Could Be Doomed To Fail | Shahien Nasiripour | Posted 05.25.2011 | Business

During his State of the Union address last week, President Barack Obama said he wants to "take $30 billion of the money Wall Street banks have repaid ...

Banks' Small Business Lending Shrinks By $1 Billion

Jan. 18, 2010 | Catherine Clifford | Posted 05.25.2011 | Business

NEW YORK ( -- The nation's biggest banks cut their collective small business lending balance by another $1 billion in November, according...