Tag: small business loans

The Business Credit Crunch At Big Banks Worsens

Big bank lending to small businesses has stalled for over a year, while credit unions return to an all-time low. Loan approval percentages rose...

How To Finance A Startup Business

Launching a business requires full commitment and persistence. But before taking the plunge, there are a few things to consider. Every business needs startup...

Lessons Entrepreneurs Can Learn From Barbie

In just two weeks, the Barbie movie, starring Margot Robbie as the iconic doll and Ryan Gosling as boyfriend Ken, has generated $351.4 million...

Small Business Loans Are Increasingly Expensive And Harder To Get

Banks rejected more than 8-in-10 business loan applications in May. Small business loan approval percentages at big banks dipped from 13.5% in April to 13.4%...

SBA 7(A) Loans Are An Attractive Option For Small Businesses Needing Capital. CPAs Can Speed The Process

The value of working with an accountant for your business extends well beyond filing annual returns on April 15. An important skill that an...

Federal Reserve Chair Warns Of Further Interest Rate Hikes In Report To Senate Banking Committee

“The ultimate level of interest rates is likely to be higher than previously anticipated." In his biannual Monetary Policy Report to the Senate Committee on...

Fed’s Small Business Credit Survey IDs Pandemics’ Hardest Hit Firms

The Small Business Credit Survey 2022 Report on Employer Firms, issued by the 12 Federal Reserve Banks, confirmed what many economists have suspected: many small...

Small Business Owners Of Color Continue To Face Challenges

A national poll conducted by Small Business Majority reveals the ongoing challenges minority small business owners are facing during the COVID-19 pandemic. The survey...

Traditional Funding Sources Are Drying Up For Small Businesses

Small Business Loan Approval Rates Down More Than 50% Since November 2019 Not only has passage of a second Paycheck Protection Program (PPP2) stalled,...

Why Black-Owned Businesses Struggle To Get Small Business Loans

Small business owners have had a tough time navigating through the Covid-19 pandemic all across the United States. Black-owned business owners, in particular, have...

Now Is Not The Time To Play Politics With PPP

This week Senate Democrats and Republicans could not come to an agreement on providing additional COVID-19 relief for families, schools, and small businesses. Clearly...

PPP Saved The Day For Many Businesses, Now It Has Been Extended

Cory Obenour, chef and owner of Blue Plate, covers his face with a mask while preparing a sauce for...

SEC Cracks Down On Coronavirus Scams Thanks To An Army Of Whistleblowers

TOPLINE As the Securities and Exchange Commission (SEC) cracks down on financial misconduct related to the coronavirus pandemic—from insider trading and misuse of federal...

New York Coronavirus Deaths Fall To Less Than 100 Per Day

TOPLINE New York Governor Andrew Cuomo said in a press conference on Saturday that the number of new coronavirus cases in his state continues...

Mnuchin Warns Of ‘Criminal Liability’ For Public Companies Taking Small Business Loans

TOPLINE The federal government plans to audit any company taking out more than $2 million from the small business loan program, Treasury Secretary Steven...

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