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Small Business Loans

Credit-Card Borrowing Is Hurting Small Businesses

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Once upon a time loans from friends and family ranked as the most prevalent way for entrepreneurs to fund business start-ups. Now, credit cards have jumped to the top of the list.

Shahien Nasiripour

Federal Reserve Adopts Megabanks' Arguments, Warns Against Added Protections For Small Business Credit Card Users

HuffingtonPost.com | 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 ...

Don't Trust SBA or Lender Endorsed Business Plans

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Falsely promoted business plans and "plug-in-the-number-templates," will not help you get financing. There are no shortcuts to circumvent the lengthily process of doing it the right way.

Business Financing Has Unexpected Alternatives

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Borrowers who were seeking creative financing raised my antennae when I was in the lending business.

Angels Hover Over Small Businesses, and Some Are Making Deals

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Angel investors are often wealthy individuals that invest under $1 million in promising, new companies. They lend to companies that are too risky for traditional business loans from conservative banking institutions.

Small Businesses Can't Get Loans From

McClatchy | Kevin G. Hall | McClatchy Newspapers | Posted 05.25.2011 | Business

Lending across the U.S. economy contracted 7.4 percent last year, the biggest such drop since 1942, according to the Federal Deposit Insurance Corp. T...

Stimulus for Small-Business Loan Programs is Inadequate and Time-Dated

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

The on-again-off-again stimulus funding for small businesses is giving me a bad case of heartburn. The' lack of adequate funding for lending programs through the Small Business Admin. is myopic.

FDIC: Bank Lending Tumbles 7.5 Percent In 2009

washingtonpost.com | 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

Obama's $30 Billion Small-Business Plan Could Be Doomed To Fail

HuffingtonPost.com | 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 (CNNMoney.com) -- The nation's biggest banks cut their collective small business lending balance by another $1 billion in November, according...

Ryan Grim

Dem Senator Hits White House For Dragging Feet On Small Business Lending

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Business

Sen. Mark Warner (D-Va.) expressed frustration Tuesday with how slowly the Obama administration is helping small businesses crunched by the financial ...

Shahien Nasiripour

Nation's 4 Biggest Banks Cut Business Lending By $100 Billion Since April

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

While the administration and Congress work to increase bank lending, the nation's four biggest banks have collectively cut their loans to businesses b...

Congress Is Committed to Creating Jobs on Main Street

Rep. Edolphus Towns | Posted 05.25.2011 | Politics
Rep. Edolphus Towns

We still have a way to go until job opportunities are abundant, but my colleagues in Congress and I remain committed to creating jobs, especially in the communities hardest hit by the recession.

Dems Want Unspent TARP Funds For Main Street Bailout

Posted 05.25.2011 | Politics

Democrats in Congress want to use unspent TARP funds to support homeowners and struggling workers, according to The Hill. More than half of the Democ...

TARP For Small Businesses: White House Looks To Bring Wall Street Rescue To Main Street

Washington Post | David Cho | Posted 05.25.2011 | Business

The Obama administration is developing a major initiative to tackle the economic and political problem of unemployment by getting federal bailout fund...

Small Business Lending Programs To Get $30B In Bailout Assistance

AP | MARTIN CRUTSINGER and DANIEL WAGNER | Posted 05.25.2011 | Business

WASHINGTON — The Obama administration is setting aside $30 billion from the financial bailout fund for a range of initiatives designed to encour...

You Can Borrow Small Amounts of Business Capital Now

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Although small business, economic stimulus lending is being widely criticized, $5,000 to $25,000 is available to you if you have a reasonable credit score and meet basic underwriting criteria.

Banks Shun Stalled Small Business Loan Program

nytimes.com | ROBB MANDELBAUM | Posted 05.25.2011 | Business

Small-business owners hoping for some assistance of the sort given to the nation's biggest banks applauded when the Small Business Administration unve...

The "Financial System" vs. The Real World

Reese Schonfeld | Posted 05.25.2011 | Business
Reese Schonfeld

The Administration continues to proclaim that we will create new jobs through small business and entrepreneurship. That's going to be very hard to do with CIT gone.

In Small Business It's Innovate or Die

Tim Berry | Posted 05.25.2011 | Business
Tim Berry

Words and spin department: small business innovation. It's happening all the time, but we use different words to describe it.

Business Credit Crunch: Where it Really Hurts

Tim Berry | Posted 05.25.2011 | Business

It's pretty much a given that banks are holding too tight on loans to small business. To follow up on that, though, last week we asked business owners...

Illinois Small Business Loans Plunge

Chicago Public Radio | Adriene Hill | Posted 05.25.2011 | Chicago

For the first time in five years, the number of Small Business Administration loans approved in Illinois has dropped. Basic loans to small businesses...