small business financing

NEW YORK, NY (Press Release – Feb. 9, 2012) – The Biz2Credit Small Business Lending Index, an analysis of 1,000 loan applications on Biz2credit.com, found that approval rates of small business financing requests in January by small banks and non-bank lenders increased to their highest levels in the past 12 months.

Meanwhile, lending at big banks jumped two percentage points over December’s rate to 11.7%, the highest rate since February 2011.

NEW YORK (Press Release – December 7, 2011) – The Biz2Credit Small Business Lending Index, an analysis of 1,000 loan applications on Biz2credit.com, found that approval rates of small business financing requests by small banks and non-bank lenders increased to their highest levels of the year during November 2011.

NEW YORK (Press Release – November  3, 2011) – The Biz2Credit Small Business Lending Index, an analysis of 1,000 loan applications on Biz2credit.com, found that approval rates of small business financing requests by small banks and non-bank lenders increased to their highest levels of the year during  October 2011.  Meanwhile, approvals by large banks during October rose slightly from their September levels.

Loan approvals by smaller banks increased to 46.3% in October, their highest rate this year and an increase from 45.1% in September.

NEW YORK (Press Release – October 5, 2011) – The Biz2Credit Small Business Lending Index, an analysis of 1,000 loan applications on Biz2credit.com, found that approval rates of small business financing requests by small banks and non-bank lenders increased to their highest levels of the year during September 2011.  Meanwhile, approvals by large banks during September dropped slightly from their August levels.

Loan approvals by smaller banks increased to 45.1% in September, their highest rate this year and an increase from 43.8% in August.

New York (PRESS RELEASE – April 27, 2011) – Newtek Business Services, (NASDAQ: NEWT), The Small Business Authority, announced the release of its SB Authority Index for March 2011.  The SB Authority Index is up 0.60% from February 2011.

The Prime Rate, Retail Sales and Approved SBA Loan Volume led the index increase.  The other five components of the index are the Russell Microcap Index, ADP National Employment Report, New Business Formations, Estimated Small Business Default Loan Rate, and Newtek Merchant Processing Volume.

San Francisco (PRESS RELEASE – November 7, 2010) – Opportunity Finance Network (OFN), the nation’s leading network of community development financial institutions (CDFIs), and The Goldman Sachs Group Inc.’s 10,000 Small Businesses Initiative announced the 10,000 Small Businesses CDFI Small Business Financing Initiative.

The partnership will expand the small business lending capacity of CDFIs throughout the United States.

Washington (PRESS RELEASE – October 15, 2010) – At a time when capital was scarce for small business, financing from the U.S.

Small Business Administration’s growth capital program increased 23 percent in fiscal year 2010, providing a record $1.59 billion to help small businesses grow and create jobs, according to SBA Administrator Karen Mills.

“At a time when access to capital was tight, including from the traditional sources for growth capital, SBA helped fill some of that gap with a record amount of financing through our SBIC program”

Richmond, Va. (PRESS RELEASE – April 18, 2010) — The Federal Reserve Bank of Richmond is holding a forum on small business credit issues on April 20 from 8:30 a.m. until 1 p.m. in the William and Ida Friday Center for Continuing Education at the University of North Carolina in Chapel Hill, N.C.

Coral Springs, Florida (PRESS RELEASE – February 28, 2010) — The jobs bill approved by the U.S.

Senate includes a tax credit meant as a hiring incentive for small business. But small businesses say it’s not enough.

With many struggling to meet payroll while revenue is down, hiring a new employee in return for a few thousand dollars is not feasible or smart.

Businesses are turning instead to small business financing and cash advance providers like BusinessCashAdvance.com to stay alive.

Washington, DC (PRESS RELEASE – January 15, 2010) – SCORE and The Company Corporation presented a free Webinar on How to Really Start Your Own Business on Thursday, January 14, at 12 p.m.

Eastern. Experts from SCORE will share start-up success secrets, including focusing the business idea and where to look for small business financing.

SCORE mentors Julie Brander of New Haven, Conn., and Steve Bloom of Atlanta, Ga., will host the call.