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You are here: Home / 2010 / Archives for July 2010

Senate Votes $30 Billion in Small-Business Aid

Source: New York Times, July 22, 2010 By DAVID HERSZENHORNThe Senate voted on Thursday to include a proposed $30 billion lending program in a package of aid for small businesses, as two Republicans joined with Democrats to support the amendment. The vote was 60 to 39, with Senators George LeMieux …

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Small Business: Denied

July 15, 2010

Recently, Mr. Bernanke was characterized as being puzzled as to whether small businesses were deprived of liquidity because banks aren’t lending or demand is simply weak. Has Mr. Bernanke spent much time talking to the business owners who are struggling to stay afloat?  Has he spent time talking …

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Small companies denied credit as big firms thrive

Source: Associated Press WASHINGTON – Big companies are building up cash and are expected to report strong earnings starting this week. Not so for small businesses that can't get loans — or hire freely until they do. The gap helps explain why the economic rebound isn't stronger and could even …

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To Lend or Not to Lend?

July 9, 2010

That is the question for most small, community banks.  Small businesses and banks are both frustrated by the tight credit standards for new loans. The banks cannot afford to make questionable loans, yet want to preserve the established relationship with the borrower.  Companies at a critical …

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When the bank says ‘No,’ it can still say ‘Yes’

source: Fort Worth Business Press , July 05, 2010 BY JEFF NOLAND  Despite bank bailouts from Washington, D.C., credit for small and mid-sized businesses remains extraordinarily tight. For many banks, the lending pipeline is simply too clogged with “non-bankable” loans to even consider …

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Will Obama’s Small-Business Agenda Survive Congress?

Source: New York Times.comBy ROBB MANDELBAUMIt was late October when President Obama first called for measures to stabilize struggling small businesses. Then, in his State of the Union address in January, he emphasized the role small business would play in healing the nation’s wounded economy. But …

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