small business loans

Small business loans and BOA

Here we are in a new year and there are signs of hope for access to capital for small businesses…unless you are a customer with Bank of America.  First the good news. The Thomson Reuters/PayNet Small Business Lending Index showed that in November lending to small business hit its highest…

No gold rush for California small businesses

Los Angeles TimesDecember 14, 2011 California small businesses can’t get loans California’s small businesses can’t get the credit they need to expand and hire people. Forty-four percent of almost 2,000 owners queried said they couldn’t access resources needed to grow their operations, said a report released Wednesday by the Graziadio…

Issues on Small Business Lending

Here are two good articles that talk about the lack of lending to small businesses. The first issue is the problem with regulators, not regulations. We have heard numerous complaints of inconsistency of regulators in how they deal with financial institutions regarding small business lending. Some banking regulators are overzealous…

Small businesses failed once again

The news story below is a sad tale of how partisan politics, lack of administrative focus and regulatory slowness turned what should have been a boost for small business into a failed effort.  Nobody supported the Small Business Lending Fund more than I did.  I even participated in a press…

Small businesses still need loans

The South Carolina Small Business Chamber was a strong and vocal supporter of last year’s Small Business Jobs Act. I spoke at a press conference at the Capital along with several U.S. Senators to state our support and that of the American Sustainable Business Council for the legislation. A key…

Help Us Pass Wall Street Reform

Dorfman (left) in action This morning I joined Congressman Jim Himes (D-CT) and Margot Dorfman, CEO of the U.S. Women’s Chamber of Commerce, in a press teleconference call on why passing Wall Street Reform is important to small businesses. You can read my prepared statement below and hear the entire…