The demand for small business loans is picking up. A Greenwich Associates survey recently found that small businesses increased their seeking of loans in the first quarter of this year by 100 percent over the previous quarter. That’s the good news. The question is how many of these small businesses actually received a loan. According […]
Smallest of Businesses Underserved Read More »
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 component of the effort was
Small businesses still need loans Read More »
Published March 22, 2011 By Amy Kennedy | ASB Council WASHINGTON, DC—Today, the American Sustainable Business Council (ASBC) applauded the Senate for passing the CROWDFUND Act as an amendment to the Reopening American Capital Markets to Emerging Growth Companies Act of 2011 (HR 3606). In a letter to the Senate last week, ASBC endorsed the
Business Leaders Support Senate Passage of Crowdfunding Amendment Read More »
“Small business owners have reason to be a bit less merry this holiday season.” That is the conclusion of Jerry Chautin, a local volunteer business counselor with Manasota SCORE, Counselors to America’s Small Business. You need to read his opinion editorial (below) that ran in the Herald-Tribune on December 20, 2010, to understand why the SBA’s
SBA’s Community Express loan ends Read More »
In the run up to the vote in the U.S. Senate on the Small Business Jobs Act that included a $30 billion small business lending fund to help address the complete collapse of lending to small businesses, opponents began claiming that small businesses were no long looking for loans. The economy–according to the naysayers like
Still the naysayers on lending crisis Read More »
This past weekend I was in the Pittsburgh, PA, area visiting relatives. (They’re all fine. Thanks for asking.) On the way back to the airport a billboard caught my eye. It read: “Imagine. A bank that actually lends money.” What a great billboard! It resonates with the public because everybody knows that banks have almost
I received a call this week from a small business in Anderson, South Carolina. The lady told me that their 30+ year family cabinet-making company had fallen on hard times due to the economy and needed a loan to stay alive. Their attempt to get an SBA loan from the usual banks had failed because
Lending crisis over? Not for small businesses… Read More »
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 press conference by clicking here.
Help Us Pass Wall Street Reform Read More »
You heard me tell you this before: Image: SustainabilityNinja.com All the economists say that small businesses must lead us out of this stalled economy by creating the new jobs that we need. This obviously isn’t happening, since only 83,000 private sector new jobs were created last month in the entire country. (See Brad Warthen’s tidy
New Small Business Loans — from Sam’s Club? Read More »
Last week the crisis of far too few small business loans being made seemed to be getting some needed attention. The Federal Reserve chairman, Ben Bernanke, is reported by the New York Times to have said Thursday “that banks needed to increase lending to small businesses to reduce unemployment and help the economic recover.” Last
Time for Congress to Act Read More »
