The first time I mentioned Bill Dunkelberg in my blog was two years ago. Mr. Dunkelberg is the chief economist of the National Federation of Independent Business (NFIB), Professor Emeritus of economics at Temple University and chairman of Liberty Bell Bank in New Jersey. Unfortunately, in spite of all those…
OPINION POLL: Small Business Owners Say Access to Credit a Problem; Support Current Proposals to Boost Economy
January 26, 2012 Opinion polling released today shows 90 percent of small business owners believe access to credit is a problem and that loans are harder to get now than four years ago; majority support key provisions in president’s American Jobs Act Washington DC, Jan. 26, 2012 – Opinion polling…
Santa or Grinch and small business lending craters
Republicans in the U.S. House decide to be either Santa or the Grinch this holiday season when they vote later today on whether to agree with the Senate’s bipartisan plan to extend payroll tax cuts and unemployment benefits for two months. This is a big deal for small businesses. If…
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…
Maybe I’ll start drinking coffee
“Banks start to make more loans” That was the heading of a New York Times Dealbook story today. But if you’re in the market for a small business loan or line of credit, don’t get your hopes up. According to the story, “Loan growth is still modest. And it remains…
Small business access to capital
The country’s biggest banks have taken a lot of criticism about small business lending since the great recession began. Obviously, they don’t agree with their critics. In a recent interview with Robb Mandelbaum of The New York Times, Marc Bernstein, one of the top two small business lending executives at…
Smallest of Businesses Underserved
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…