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Business Loan Competition is Great for Borrowers

The business loan industry has become very competitive as a result of technological advancements. At one time banks were the main providers of funding to small and medium sized businesses, and their only competition was mainly with each other. Now banks must compete with online private lending organizations, social media lending networks such as crowdfunding […]

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National Small Business Week and Still No Funding Available

It is National Small Business Week (NSBW) again, starting today and ending on Friday. The event was created by President Kennedy in 1963 in order to praise small businesses and entrepreneurs while at the same time promoting small business in the economy. The event has become a platform for many politicians to discuss their business […]

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Small Business Loans Create a Healthy Economy

There are three types of businesses in the economy, the large aggressive corporate companies with names that everybody knows, the medium sized companies that are approaching the aggressive stage or just left the small stage, and then there is the local “mom and pop shops” and other small businesses that are only known to the […]

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Banks Manipulate Small Business Lending Fund

It is no mystery that banks are in business to make a profit. With that said, it is important to recognize that banks have a certain level of responsibility to the public because of how they utilize government resources to fund their operations. Although the individual consumer is important in the overall banking community and […]

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How Access to Capital Restricts Small Business Owners

There are so many different ways that not having access to capital can affect your business. Probably the most significant effect would be the inability to expand your company. There are also many smaller effects that are intricately tied to the growth of a business, such as a lack or reduction in hiring, or the […]

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The Great Small Business Loan Hype

Private lending continues to grow as banks cannot risk funding the majority of applicants today. With the financial crisis still in the rear view mirror lending institutions are a long way from giving small businesses money. Let’s face it, since 2008 banks are under serious scrutiny and are not allowed to fail. Loans to small […]

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Small Businesses Refrain from Borrowing

The small business lending industry is not struggling simply because banks are refusing to lend money in this economy, small businesses are also unwilling to borrow in many instances. According to a recent study by Thompson Reuters and Paynet, business owners took out fewer loans in the month of January. The Small Business Lending Index […]

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Technology Changes Business Loan Credit Requirements

Despite the fact that banking institutions continue to refuse businesses access to funding, numerous new private funding companies are willing to give good businesses the working capital they desire. Technological advances with data transfer and analysis, along with a constantly evolving internet has allowed private lenders to now offer a larger supply of business loans. […]

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The Implications of the JOBS Act on Small Business Financing

The significance of small businesses in the American economy was emphasized on April 5, 2012 when the Jumpstart Our Business Start-ups (JOBS) Act was signed by President Obama and made into law.  Recognizing the difficulties that small businesses undergo when trying to obtain the business loans required in order for their companies to survive, the […]

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