Very seldom do I get to read a hard copy of The Wall Street Journal (and I never read it online because it is hidden behind a paywall). But on my 6:15AM flight to D.C. I did read the paper and thought I would share with you some of the interesting news. Unless you pick …
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 level in nearly four years. …
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 School of Business and Management …
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 when it comes to the …
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 conference at the Capitol with …
Consider this headline from a Reuters story on June 30, 2011: U.S. Small Business Borrowing Rises By Record 26 Percent In May Now consider this headline from the Wall Street Journal on the same day: Smaller Businesses Seeking Loans Still Come Up Empty Read the stories carefully and figure out how both stories could be correct? Hint: How …
Small business lending reports confusing and revealing 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 …
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 …
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. …
