Sky’s The Limit? Big Bank Lending for Small Businesses Just Keeps Climbing

Lending to small businesses from big banks ( those with $10 billion or more in assets) and institutional lennders continues to climb according to a recently released Biz2Credit Small Business Lending Index report for October. The report indicates that loan approval rates at big banks improved to 23.5 percent, which […]

83 Percent of Entrepreneurs Get Support from Family, Bank of America Study Says

Family support is crucial to succeed as an entrepreneur. Luckily, most business owners have the necessary backing from home. That’s according to a new Bank of America (NYSE: BAC) study. The Fall 2016 Bank of America Small Business Owner Report (PDF) has found 83 percent of entrepreneurs say they receive […]

Can’t Get a Loan from a Bank? Here are Alternative Funding Options

Securing funds to either start or grow business was once every entrepreneur’s worst nightmare. In the past, big banks and credit unions often rejected loan applications, leaving business owners with the only option of borrowing from friends and family or borrowing against receivables. A lot has, of course, changed mainly […]

Can’t Get a Loan from a Bank? Here are Alternative Funding Options

Securing funds to either start or grow business was once every entrepreneur’s worst nightmare. In the past, big banks and credit unions often rejected loan applications, leaving business owners with the only option of borrowing from friends and family or borrowing against receivables. A lot has, of course, changed mainly […]

How to Secure Financing for Your Small Business at a Traditional Bank

Banks are the largest lenders for small businesses across the United States. But getting a traditional bank loan for a small business is often a huge challenge. About 72 percent of small businesses that apply in fact get rejected. That’s because traditional banks require businesses to meet several criteria to […]

Reserve Bank may not be able to meet inflation target: IMF paper

The IMF working paper assumes significance as the RBI has recently implemented an inflation-targeting regime that requires it to hit publicly announced targets for retail inflation, based on consumer price index (CPI). New Delhi: An International Monetary Fund (IMF) paper has raised question marks over the ability of the Reserve […]