Business Loans News

The White House
Apr, 11, 2013
The Small Business Administration would lose $109 million under President Obama’s current 2014 budget proposal, which was released yesterday. In 2012 the SBA received $918 million dollars. The President’s budget assumes that the SBA will require a smaller budget because fewer businesses are expected to default on their business loans, due in part to an improved economy.
tractor farming
Apr, 10, 2013
The USDA is seeking organizations who want to re-lend business loans. It has recently unveiled it intends to court non-profit and public organizations that will offer commercial financing to stimulate job growth.
Searching for candidate
Apr, 9, 2013
Small and mid-sized businesses in the United States plan to delay hiring and acquiring new business loans amid a cautious economic upswing. According to a PNC survey, three out of four small and mid-sized businesses expect their number of employees to remain stagnant for the next six months. Nearly one in three businesses will operate at a higher level, but with fewer employees. In addition, only 41 percent of small to mid-sized business owners believe the government could positively impact their hiring plans with methods such as reducing business regulations.
Female florist selling flowers
Apr, 8, 2013
Female-owned businesses are the second fastest growing business sector in the country, according to a 2013 report by American Express OPEN. The 2013 State of Women-Owned Businesses Report found that women trail only behind publicly-traded firms in regards to business growth since the Great Recession. Since 2007, women-owned businesses added 175,000 net jobs, in comparison to a national net decline of 569,000 jobs among all privately-held firms. Women-owned businesses have seen steady growth for over 16 years. Between 1997 and 2013, the number of women-owned businesses grew 50 percent faster than the national average.
manufacturing workers in a warehouse
Apr, 5, 2013
Increased access to business loans would boost exports by small businesses, according to a report released on Wednesday by the U.S. Small Business Administration Office of Advocacy. The report examined the relationship between small business exports and bank health. It found that smaller exporters, who rely more on business loans for operating funds, were more adversely affected by reduced bank credit. Due to the nature of international trade, financing is a key part of an export business’ operation strategy.
Woman-owned business
Mar, 29, 2013
A study released this week found that women-owned businesses are less likely to receive small business loan approval. The study by Biz2Credit found that women-owned businesses are 15 to 20 percent less likely to receive approval on a small business loan application than male-owned businesses. In addition, women comprised less than one-third of all small business loan applications on the website (29 percent). Biz2Credit analyzed 14,000 business loan applications submitted via their website during the last six months of 2012.
June letter blocks
Mar, 27, 2013
The Small Business Administration (SBA) is getting ready for National Small Business Week. Considered to be the signature event of the SBA, National Small Business Week will be held this year from June 17 to June 21. Cecelia Taylor, Press Liaison for the SBA, told us that the SBA would also be celebrating the 50th anniversary of National Small Business Week.
scales of justice
Mar, 20, 2013
One businessman committed a rather unfruitful crime that drew the attention of federal investigators. According to the Office of Inspector General for the Export-Import Bank of the United States, Gilberto Salazar-Escoboza, 49, made false statements to secure business loans for his produce companies based in Mexico.
business loan application form and calculator
Mar, 4, 2013
The Small Business Administration has announced that it will attempt to streamline the SBA loan application process.  Jeanne Hulit, SBA Associate Administrator for Capital Access, told us via email that the current process stifles job creation. By changing the way the SBA loan application process works, the loan program could lead to higher levels of employment. “Particular changes in the program are stripping away regulatory restrictions that prohibit core job creation,” she explained. These new changes were made after challenge-focused discussions with lenders and borrowers showed the need for re-evaluation.
closed sign in front of a business
Feb, 25, 2013
The White House has released a list of documents highlighting how each state would be affected by the upcoming sequester. Due to Congress’s inability to reach a consensus in 2011, the sequester—a series of automatic budget cuts—is scheduled to take effect this year. The sequester’s cuts will total almost $1 trillion if it is allowed to occur.

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