Recent news in small business lending:
• CIT Small Business Lending the #1 lender in 2008 with $771,391,550 in loans filed Chapter 11 bankruptcy
• Advanta Credit Card company has filed Chapter 11 bankruptcy
• JPMorgan Chase to add $4 billion in small business loans
• Bank of America extends nearly $78 billion in small business [...]
The economy is the worst it’s been in years, according to the media. They have been telling us for a year now about how bad things are and how no one predicated this.
Some experts think we have turned the corner and there is a light at the end of the tunnel. Others are saying we [...]
Here Are Some Things to Think About
I recently read that 87.5% of small businesses plan to seek financing in the coming year. There’s been so much press on how tight small business lending has become, is it really possible for a small business to get a bank to back it?
The answer is a resounding [...]