Better Business Blog

After months of hearing government officials and small business leaders urging banks to lend more to small business, a TARP panel is now cautioning small banks to curtail lending. Why? Because of losses on commercial real estate loans and what they call a pending “tidal wave of commercial loan failures.”
It’s not a surprise if you [...]

From time to time, I’m asked to assist a company in obtaining financing for business purposes.  Part of the key in finding clients the cash they need is finding a bank who is willing to lend.  And in today’s economic environment the health of banks range from managing day-to-day to avoid an FDIC takeover, to banks who are [...]

Some one million CIT Group Inc. customers — many of them small and medium-sized business owners — will likely see their access to credit slashed should their lender tumble into bankruptcy, experts said.
If you’re one of those business owners, it’s time to devise a backup plan. No matter what the end result for CIT, its [...]

The U.S. Small Business Administration has a new, temporary loan program which offers interest-free, deferred payments.  The program, called the American Recovery Capital (ARC) Loan Program is designed to give viable businesses facing immediate financial hardship some temporary relief so they can keep their doors open, refocus, and get their cash flow [...]