New Federal Initiative

I heard many complaints in the wake of the $840 billion federal economic-stimulus plan of 2009 that it did little to help small businesses. Congress followed up with 2010’s Small Business Jobs Act, which included a $30 billion Small Business Lending Fund (SBLF). Once again, the program underwhelmed as many banks simply exchanged the capital Read more about New Federal Initiative[…]

SBA 504 Loans

SBA 504 loans are tailor-made for business owners who want to acquire or develop their own facilities. Forget everything you’ve ever heard about the U.S. Small Business Administration (SBA). Wipe the slate clean. The negative connotations may have been warranted in the past, but the SBA is different these days. It’s no longer a four-letter Read more about SBA 504 Loans[…]

Small Business In Loan Struggle

ANZ said the number of firms behind on repayments had increased because of difficult economic conditions. “The proportion of customers who are 90 days or more overdue with their repayments has increased across all business segments,” the bank said in a submission to the Senate Economics References Committee on small business financing. “While it has Read more about Small Business In Loan Struggle[…]

Decline Of Commercial Loan

This article highlights the five primary reasons that banks decline commercial loan applications. The reasons provided below do not represent obscure issues, so it is likely that two or three of the reasons described will be important for typical commercial loan situations. The first two reasons (business plans and tax returns) will potentially impact all Read more about Decline Of Commercial Loan[…]

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