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Category Archives: Banking
TARP panel says small banks should curtail lending
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 … Continue reading
Is Your Bank Safe? Looking for a Lender?
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 … Continue reading
Small Business Owners Need a Plan if Banking with CIT
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, … Continue reading
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New SBA ARC Loans for Small Business
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 … Continue reading
