One retailer's experience raises a question that many small businesspeople are asking in times of tighter credit and uneven profits: Are bigger banks willing to deal with the risk of a smaller business in tough times? Read More
In this era of tight money, many small businesses feel that they've been hung out to dry by traditional lenders, a new survey shows. As a result, a growing number of companies are turning to alternative sources of funding, such as merchant cash advances. Read More
Lending to small businesses in the United States sagged in March, supporting the view that economic growth is headed for a further slowdown in coming months. Read More
The Consumer Bankers Association will announced today a standardized lending “template” for working with franchisees that should speed up, and strengthen, the relationship between banks and franchisees. Read More
Executives of mid-sized U.S. businesses are more optimistic about the national economy than they were a year ago, and many now expect to need financing for investment, according to a survey by JPMorgan Chase & Co. Read More
Iis Bank of America cutting credit lines to some small businesses? That question emerged on Tuesday after a Los Angeles Times report cited at least two small-business owners who claim that Bank of America is now forcing them to pay their balances in full versus on a monthly basis — a move that could wipe them out. Read More
Two former bomb technicians transitioning back into civilian life are taking on a different type of risk: In June, they started Bullets2Bandages, a fashion jewelry business that donates 15 percent of profits to veterans' nonprofits, reports The Huffington Post. Read More
While the current notion is that securing a business loan is near impossible, the truth is that there are still bank loans available for those who do the necessary footwork and come prepared, says Mike Lubansky of Sageworks Inc. Read More