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Biz2Credit in the News
Featured May 16, 2013
Bank Lending To Small Biz Is Up, Says Biz2Credit Survey
Small business loan approvals improved to an all-time index high of 16.8% at big banks, according to the Biz2Credit Small Business Lending Index, a monthly analysis of 1,000 loan applications on Biz2Credit.com. Lending approvals jumped in April after experiencing a minor setback in March when approval ratings were at 15.7%.
May 14, 2013
Keystone XL divides influential entrepreneurs, spills over into the immigration reform debate
Justin Sullivan/GETTY IMAGES - Mark Zuckerberg's political action committee has lost support from fellow entrepreneurs Elon Musk and David Sacks.
May 14, 2013
How Tech Is Boosting SMB Lending
Small business loan approvals at big banks have hit their highest levels since the credit crunch began in late 2008.
Following the mortgage bust,
May 13, 2013
Credit conditions improve for small businesses
Nearly half of small businesses received full funding on their credit applications in 2012, up from 8% in 2011, according to the bi-annual Small Business Credit Survey.
May 13, 2013
Small Business Loan Approvals Up at Big Banks
Small business loan approval rates at big banks ($10B+ in assets) in January 2013 increased to 15.3 percent, up from 14.9 percent in December 2012
May 13, 2013
Banks Boost Lending to Small Businesses in April
Lending by banks to small businesses is on the rise.
Institutions with at least $10 billion of assets approved
May 13, 2013
Small business weekly: Internet sales tax, increased lending and immigration controversy
A look back at some of the biggest small business and start-up stories from the past week, with a focus on Washington.
May 9, 2013
Biz2Credit Small Business Lending Index Reports Jump in Loan Approvals at Big Banks in April 2013
Monthly Index Reports All-Time Index High in Approval Rates by Big and Small Banks; Credit Unions Continue
May 9, 2013
Biz2Credit Small Business Lending Index Reports Jump in Loan Approvals at Big Banks for April 2013
Monthly index reports all-time index high in approval rates by big and small banks; credit unions continue to slump.
New York, NY, May 09, 2013
May 9, 2013
Bloomberg Businessweek - Another Uptick in Small Business Loans from Large Lenders
By Patrick Clark (May 9)
Online lending platform Biz2Credit compiles a monthly index to track approval rates for small business loans.
May 9, 2013
Biz2Credit Small Business Lending Index Reports Jump in Loan Approvals at Big Banks for April 2013
Monthly index reports all-time index high in approval rates by big and small banks; credit unions continue to slump.
New York, NY, May 09, 2013
May 9, 2013
Biz2Credit Small Business Lending Index Reports Jump in Loan Approvals at Big Banks for April 2013
Monthly index reports all-time index high in approval rates by big and small banks; credit unions continue to slump.
New York, NY, May 09, 2013
Small business loan approvals improved to an all-time index high of 16.8% at big banks,
May 7, 2013
Yahoo! Finance - Google Looks to Profit From Alternative Lending by Laurie Kulikowski of TheStreet.com on Google and its venture into alternative lending.
NEW YORK (TheStreet) -- Two recent events underscore Google's goal to profit from alternative lending.
May 7, 2013
Top U.S. Cities for Small Business Growth in 2013
FOX Business And the winner is... Houston, where apparently we don't "have a problem.″
Last week, my company conducted an analysis of 15,000 U.S. small businesses.
May 6, 2013
Speed to market outweighs cost for small biz borrowers says biz2credit
We sat down with Rohit Arora, CEO & Co-Founder of Biz2Credit to talk about how speed to market, getting cash to small business quickly, has become a top priority for main street.
May 2, 2013
Greater Baltimore among fastest-growing markets for small businesses
A national study finds Greater Baltimore is among the fastest-growing markets in the country when it comes to small businesses.
May 1, 2013
Biz2Credit Identifies The Fastest Growing Small Business Cities in America
Analysis Identifies Markets with the Highest Annual Revenue, Number of Employees, Ages of Businesses and Credit Scores Among Small Business Owners
May 1, 2013
Biz2Credit Identifies The Fastest Growing Small Business Cities in America
New York, NY (PRWEB) May 01, 2013 Biz2Credit.com has identified the Fastest Growing Small Business Cities in America, based on the following criteria:
May 1, 2013
NYC may have less to brag about when it comes to small biz: report
New York area small firms are older and growing less quickly than those in other cities The Big Apple is lagging behind other cities when it comes to some measures of small business health.
May 1, 2013
Biz2Credit Identifies The Fastest Growing Small Business Cities in America
Analysis Identifies Markets with the Highest Annual Revenue, Number of Employees, Ages of Businesses and Credit Scores Among Small Business Owners
April 30, 2013
Biz2Credit CEO Rohit Arora examines the proposed Internet Sales Tax and its potential impact on small businesses
The U.S. Senate is debating the implementation of an Internet sales tax. This measure would require retailers to begin collecting local taxes on their online sales.
April 29, 2013
America's Next Hot Startup Town: Houston
Wondering where the next percolating startup scene will be?
New research by Biz2Credit, an online matchmaker between entrepreneurs and lenders, suggests that Houston may lead the pack.
April 23, 2013
A Bank's Take on Lending: Automate Sales and Incorporate Technology
Banks have long dominated the lending arena so it makes sense to start with that perspective. The level of sophistication in terms of actual processes as well as the marketing of loan products can often be discouraging to credit unions and smaller community banks....
April 18, 2013
The S.B.A. Wants to Encourage More Small Loans
For the last several years, the Small Business Administration has attempted to expand its loan-guarantee programs by making them available to bigger businesses. But with the 2014 budget that the White House sent to Congress last week...
April 17, 2013
The Real Reason Women Entrepreneurs Aren't Getting Loans
There's no doubt about it: women business owners face greater funding challenges than men. A lesser-known fact is that those challenges may be linked to the industries that female business owners are choosing, according to new findings by Biz2Credit, an online credit marketplace..
April 17, 2013
Could Online Pawns Fund Your Business?
Online pawning is a creative way to obtain small business cash (Photo courtesy of Ultrapawn.com). Several weeks ago I wrote about alternative lending as a way to fund a small business. Today I have another option to share that creative small businesses are using to meet their short term liquidity needs...
April 16, 2013
Biz2Credit CEO Rohit Arora examines President Obama's proposed 2014 fiscal year budget and its impact on small business owners.
Last week, President Obama introduced his $3.8 trillion budget which includes tax relief for small businesses that hire new workers or give raises to current staff. The tax credit gives incentives for companies..
April 13, 2013
VCs Throw Foursquare a Hail Mary Pass
Foursquare, the poster child for check-in tech when the trend was hot, announced this week that it has raised US$41 million in a new financing round.
The funding was provided by private-equity firm Silver Lake and existing investors Andreessen Horowitz, O'Reilly AlphaTech Ventures, Spark Capital..
April 12, 2013
Funding Challenges of New Jersey's Growing Latino Business Community
In the post-Great Recession (2008-09), as small business owners began cutting back on spending and hiring, it quickly became apparent that small business in America had a larger impact on the economy than we previously thought.
April 11, 2013
Biz2Credit CEO Rohit Arrora comments on the state of credit union's small business lending.
Getting a small business loan at a credit union could become easier if legislation that lowers lending caps on the industry finally passes, maybe even this year.
The credit union industry is looking to reform the Credit Union Membership Access Act..
April 10, 2013
Biz2Credit Small Business Lending Index Reports Continued Improvement in Small Bank Loan Approvals in March 2013
Small business loan approval rates increased for the fourth consecutive month at small banks, reaching an all-time index high of 50.8%, according to the Biz2Credit Small Business Lending Index..
April 10, 2013
Biz2Credit Small Business Lending Index Reports Continued Improvement in Small Bank Loan Approvals in March 2013
Small business loan approval rates increased for the fourth consecutive month at small banks, reaching an all-time index high of 50.8%, according to the Biz2Credit..
April 10, 2013
How to Borrow a Business Loan for Your First Business
It seems like you can't turn on your TV or read a news story without hearing about a new business startup raking in millions of dollars. In fact, it's never been easier to start a business thanks to a wide-range..
April 09, 2013
New Resources for Latino Business Owners
Latinos are the fastest growing ethnic group in the U.S. and also have experienced the most significant growth among small businesses. In fact, Latino-owned companies comprise 3 million U.S. businesses..
April 08, 2013
Biz2Credit to Host Last Minute Tax Advice Twitter Party for Small Business Owners on Thursday, April 11, 2013
Biz2Credit will host a Twitter Party in which small business owners can ask tax advice of experts from the leading online resource for small business finance...
April 07, 2013
A borrower again be?
What a difference four years makes. The banks that rejected Ari Zoldan when he started Quantum Networks, a wireless equipment distributor, are now clamoring to lend to him,..
April 02, 2013
Challenges for Female Entrepreneurs Seeking Small Business Loans
After I wrote my first column about the challenges of women business owners in securing financing, I received a lot of feedback and questions on the topic. I decided to examine the issue more closely by analyzing 14,000..
March 29, 2013
A Wake-Up Call for Women Entrepreneurs
New research by the loan broker Biz2Credit reveals some bad news about women-owned businesses: They have higher operating expenses, slimmer margins and lower credit scores than male-owned firms the same age. And they have loan approval rates that are 15% to 20% lower.
March 29, 2013
Women Less Likely to Receive Small Business Loan Approval
A study released this week found that women-owned businesses are less likely to receive small business loan approval. The study by Biz2Credit found that women-owned businesses are 15 to 20 percent less likely to receive approval on a small business loan application..
March 28, 2013
Women Entrepreneurs Face Higher Operating Costs, Slimmer Margins: Biz2Credit
Compared to businesses owned by men, some women entrepreneurs have to deal with more obstacles such as having a tougher time securing financing. Biz2Credit, a New York firm that pairs small businesses with financial institutions for financing,..
March 27, 2013
Biz2Credit Analysis of Women-Owned Businesses Identifies Challenges for Female Entrepreneurs Seeking Small Business Loans
Despite strides by female entrepreneurs during the past two decades, women-owned businesses still face funding challenges, according to Biz2Credit, the leading online credit marketplace, which analyzed nearly 14,000..
March 27, 2013
Women-Owned Businesses Less Likely To Get A Loan Than Ones Owned By Men: Survey
Women-owned businesses face higher operating costs, slimmer margins, lower credit scores and a tougher time securing loans, according to a study by Biz2Credit of 14,000 small-business loan applications during the last six months of 2012.
March 27, 2013
Women-Owned Businesses have Tougher Time Securing Loans Than Man-Owned
Women-owned businesses face higher operating costs, slimmer margins, lower credit scores and a tougher time securing loans, according to a study by Biz2Credit of 14,000 small-business loan applications during the last six months of 2012.
March 26, 2013
Signs of Springtime Growth in Business
Spring is a time of growth both literally and figuratively. Just as spring showers coax the dormant bulbs to bloom into flowers, research indicates that the capital needed to spur business growth is flowing better than it has in a long time.
March 19, 2013
Women Business Owners Still Overcoming Gender Obstacles
According to Catalyst, a non-profit organization, 21 women are running Fortune 500 companies, including IBM and PepsiCo. The number has tripled since 2002-03.Equally encouraging..
March 19, 2013
Huntington Exceeds Small-Business Loan Goals
Huntington Bancshares (HBAN) has made good on a 2010 commitment to small-business lending.The Columbus, Ohio, company announced Tuesday that it has exceeded its three-year pledge..
March 18, 2013
This Week In Small Business: Surviving Shark Tank
The Republican House Budget Committee chairman proposes cutting $4.6 trillion over 10 years. The Democratic Senate Budget Committee chairman offers a plan combining spending cuts and tax increases.
March 14, 2013
In recovering economy, health insurance important to many employees
It's widely debated by pundits and policy experts whether impending Obamacare regulations will push employers to forego insurance coverage of their employees. But there is evidence that health insurance is an important..
March 14, 2013
Small Business Loan Approvals From Big Banks at Highest Rates Since 2011
Last month, big banks approved small business loans at their highest rate in more than two years, according to one credit index.Biz2Credit calculates its monthly Small Business Lending Index using 1,000 loan applications..
March 12, 2013
Biz2Credit Small Business Lending Index Reports New High in Big Bank Loan Approvals in February 2013
Small business loan approval rates at big banks ($10B+ in assets) in February 2013 increased to 15.9%, up from the 15.3% rate in January, according to the Biz2Credit..
March 12, 2013
An Uptick in Small Business Loans from Big Banks
A common complaint in the years since the financial crisis began has been that Wall Street banks that were bailed out by the federal government haven't been lending enough to Main Street businesses.
March 12, 2013
Banks Boost Lending to Small Businesses: Survey
Institutions with at least $10 billion in assets approved 15.9% of loans between $25,000 and $3 million in February, up from 15.3% in January and from 11.7% a year earlier, according..
March 12, 2013
'No Irish Need Apply' Couldn't Stop Them
I am a big proponent of supporting immigrant-founded and immigrant-owned businesses. This week, Irish Americans across the country will celebrate St. Patrick's Day.
March 8, 2013
Loan Scams: Vigilance Never Out Of Fashion
With the recent guilty verdict against a businessman that scammed $7.5 million from the former Lockheed Credit Union to obtain a number of loans, the decision may have offered another instance..
March 5, 2013
Unintended Targets of the Sequester: Mom and Pops
"It's deja vu all over again," as Hall of Fame catcher Yogi Berra would say. He was, of course, referring to Yankee sluggers Mickey Mantle and Roger Maris hitting back-to-back home runs.
March 1, 2013
Biz2Credit to Host The Venus and Mars of Small Business Finance Twitter Event for Female Business Owners
In conjunction with National Women's Day on Friday, March 8, from 9:00-10:00 a.m. ET, Biz2Credit will host a Twitter event in which budding entrepreneurs can ask advice of experts from the leading online resource..
February 28, 2013
Biz2Credit to Host The Venus and Mars of Small Business Finance Twitter Event for Female Business Owners
In conjunction with National Women's Day on Friday, March 8, from 9:00 -10:00 a.m. ET, Biz2Credit will host a Twitter event in which budding entrepreneurs can ask advice of experts from the leading online resource..
February 28, 2013
Biz2Credit to Host The Venus and Mars of Small Business Finance Twitter Event
In conjunction with National Women's Day on Friday, March 8, from 9:00 -10:00 a.m. ET, Biz2Credit will host a Twitter event in which budding entrepreneurs can ask advice of experts from the leading online resource for small business finance.
February 28, 2013
Citigroup Upped Loans to Small Businesses in 2012
Some of the nation's biggest banks are touting their small business bona fides. Citigroup (NYSE:C) said Thursday the company's lending to small business borrowers rose 21% in 2012 from a year earlier, to $9.6 billion.
February 28, 2013
Biz2Credit to Host The Venus and Mars of Small Business Finance Twitter Event
In conjunction with National Women's Day on Friday, March 8, from 9:00 -10:00 a.m. ET, Biz2Credit will host a Twitter event in which budding entrepreneurs can ask advice of experts from the leading online resource for small business finance.
February 28, 2013
Biz2Credit to Host The Venus and Mars of Small Business Finance Twitter Event
In conjunction with National Women's Day on Friday, March 8, from 9:00 -10:00 a.m. ET, Biz2Credit will host a Twitter event in which budding entrepreneurs can ask advice of experts from the leading online resource for small business finance.
February 26, 2013
Karen Mills Helped Put Small Business Front and Center
Small businesses lost a great advocate when Small Business Administration (SBA) chief Karen Mills announced her resignation. She did more to raise the profile of the importance of small companies than perhaps any other government official in recent memory.
February 25, 2013
How to Start a Business-and Still Eat
It's the biggest question would-be entrepreneurs face. How much can I make as my own boss? Here's how to run the numbers. When Ellen Rohr, 53, teamed up with her husband Bob, 60, to run his plumbing business after studying business administration
February 19, 2013
Highly Skilled Immigrants a Key to America's Future
During his State of the Union Address, President Obama outlined his support for immigration reform, including measures that would enable high-skilled foreign-born engineers and entrepreneurs to stay in this country.
February 13, 2013
Obama pushes tax changes to help small businesses but doesn't budge on immigration
President Obama challenged lawmakers in his annual address to overhaul the tax system and improve infrastructure in ways that will bolster new and small businesses, but he didn't budge on his bid for comprehensive immigration reform
February 11, 2013
How Did Karen Mills, the Departing SBA Chief, Do?
You already know about the Pope's resignation. In case you missed the latest member of President Obama's Cabinet to step down: It's Karen Mills, the head of the Small Business Administration. She announced her departure today
February 7, 2013
Biz2Credit Small Business Lending Index Reports Jump in Big Bank Loan Approvals in January 2013
Monthly Index Reports Increases at Big Banks and Small Banks, Decreases for Credit Union and Alternative Lender Approval Rates New York, NY (PRWEB) February 07, 2013 Small business loan approval rates at big banks
February 6, 2013
Wiped Out by Sandy, an Owner Sizes Up the Risk in Starting Over
The Automobile Film Club of America has played a supporting role in New York-based film and television productions since 1993. It owns a fleet of vehicles - including police cruisers, taxis and vintage automobiles - that have squired stars and models in advertising shoots
January 20, 2013
Good news on lending
SBA LENDING in New York is making a comeback. Banks made $723 million in loans in the New York City area in fiscal 2012. "The number is our second-highest ever," said Pravina Raghavan, district director for the Small Business Administration's New York district office. "Banks are out there willing to lend."
January 17, 2013
Biz2Credit Automates Financing Options for Accion East and Online
Microlender Becomes First Nonprofit Microfinance Organization to Become Fully Integrated on the Biz2Credit Platform New York, NY (PRWEB) January 17, 2013 Biz2Credit, the #1 online credit resource for small businesses, and Accion East and Online
January 15, 2013
Make 2013 the Year to Open Your Own Business
New Year's Day is now behind us, and I often wonder how many people will still be committed to their 2013 resolutions by February 1. If you resolved to make 2013 the year in which you finally go after your dream of owning a business, don't put it on the back burner again.
January 9, 2013
Biz2Credit Small Business Lending Index Reports 13% Increase
Monthly Index Reports Increases at Small Banks, Decreases for Credit Union and Alternative Lender Approval Rates NEW YORK, NY, January 9, 2013 - Small business loan approval rates at big banks ($10B+ in assets) in December 2012 increased to 14.9%
January 2, 2013
2012: A Good Year for Small Business Finance
Small business lending improved during the past 12 months, which is good news for entrepreneurs and the economy overall. Startups and growing companies create the lion's share of the new jobs in the private sector, and growth of small firms help make the economy stronger. Several trends emerged in 2012.
December 14, 2012
How to Buddy-Up with Your Bank
For small business, it's not getting any easier to raise capital. And it can get a lot harder if you don't make - and stick to - these six New Year's resolutions. Lending to small businesses reportedly declined a little more than 1% in 2012, which may not seem like a lot unless it's your business that needs a loan and you can't get one.
October 15, 2012
100 Founders Share Their Top "Aha" Moments -- Guess How Many Jobs They've Created So Far?
Prepare to be stunned. Recently, I took issue with news reports questioning the role of small business as a source of new jobs. I summed it up with a remark from Jim Clifton, the Chairman of Gallup, from his new book The Coming Job Wars:
October 13, 2012
Finally, Access to Capital Improving for Small Businesses
The credit pipeline for small businesses has been frozen or clogged for years now. And while plenty of entrepreneurs still can't get financing, a growing number of indicators point to improvement in access to capital. Here are some signs worth watching.
October 10, 2012
Finally, Access to Capital Improving for Small Businesses
The credit pipeline for small businesses has been frozen or clogged for years now. And while plenty of entrepreneurs still can't get financing, a growing number of indicators point to improvement in access to capital. Here are some signs worth watching.
October 9, 2012
The return of big banks to small business lending
Big banks are back in small business lending. During a month in which the overall volume of loan applications increased by 5.6 percent, the Biz2Credit Small Business Lending Index, my company's monthly analysis of 1,000 loan applications on Biz2credit.com, revealed that
October 9, 2012
Large Banks Approving More Loans for Working Capital
Levels climbed 30% from the prior month, though they remain well below precrisis norms. Meanwhile, the SBA reported near-record volume in the fiscal year that ended Sept. 30.
October 4, 2012
Biz2Credit Launches Financing Assistance Website for Restaurants
Inspired by the increasingly wide range of small business owners seeking capital, Biz2Credit, the online resource for small business finance, is launching industry-specific sites with information geared toward borrowers in those industries.
October 4, 2012
Trends in Small Business Lending
The Atlanta Fed's latest semiannual Small Business Survey is active through October 22, 2012. If you own a small business and would like to participate, send an e-mail to SmallBusinessResearch@atl.frb.org.In our previous survey conducted in April 2012, we found that firms applying for credit at large national banks had notably..
October 4, 2012
Steering Shipyard to Smoother Sailing: Print Preview
Jeff Marshall typically starts his days early at the Mystic Shipyard, a 169-year old marina with a history steeped in the construction of schooners and iron-clad ships to sail the waterways of New England.
October 4, 2012
Biz2Credit Launches Financing Assistance Website
Inspired by the increasingly wide range of small business owners seeking capital, Biz2Credit, the online resource for small business finance, is launching industry-specific sites with information geared toward borrowers in those industries.
September 28, 2012
Experience a world of franchising in California
Franchising is responsible for 8.1 million jobs and this is estimated to increase by 2.2 per cent in 2012, according to Franchise Business Economic Outlook. Investors are targeting trade shows and exhibitions, such as the West Coast Franchise Expo (WCFE)
August 20, 2012
Increased Approvals of Small Business Loans by Big Banks Are a Good Sign for Entrepreneurs
Lending at big banks (classified as banks with $10B+ in assets) are rising, thanks to increased activity by mid-sized institutions within this category. This is welcome, positive news for small business owners.
August 9, 2012
Biz2Credit Small Business Lending Index for July 2012 Reports Increases in Approvals
The Biz2Credit Small Business Lending Index, a monthly analysis of 1,000 loan applications on Biz2credit.com, revealed that approvals in July2012 by big banks ($10B+ in assets) improved for the second consecutive month to 11.3% from 11.1% in June 2012.
August 9, 2012
Financing your small business with plastic: A capital idea?
Like many founders of startup companies, Scott Yates didn't have a line of credit from a bank to smooth out financial bumps when he launched MyTrafficNews.com in Denver in 2001 to help commuters stay aware of driving conditions.
August 6, 2012
Banks keep lending standards tight for small firms
NEW YORK (CNNMoney) -- Since the recession, small businesses trying to get bank loans have faced tougher credit standards -- and little has changed. In the Federal Reserve's most recent survey of bank loan officers, released Monday
July 27, 2012
Small business loan rejections from big banking players
Biz2Credit has released the results of a study of 1,000 small companies that were denied loans from their existing banks in the first half of 2012. The online credit marketplace found that Bank of America, JPMorgan Chase, Wells Fargo and TD Bank small-business customers..
July 24, 2012
Credit unions banking on bills to lift small business lending
When Phoenix entrepreneur Eric McCarthy needed money to build an ice cream business, the banks would not budge. So McCarthy, like a growing number of small business owners, turned to a less likely source: his local credit unions.
July 4, 2012
Biz2Credit Knows What You Had for Lunch
Biz2Credit is onto something. The company plays matchmaker between loan seekers and financial institutions, but behind the scenes there's much more happening. The company integrates Quickbooks - Intuit's business accounting program - allowing Biz2Credit to sync a company's entire financial history including debts
June 12, 2012
Bucking the Trend: Alaska Sees Rise in Business Loan Approvals
ANCHORAGE - Across America, small business loan approval rates dropped steadily over the last quarter: not in Alaska. In fact, one of the largest small business lenders in the state said it's seen an unprecedented number of approvals over the last six months.
June 7, 2012
CUs outdo banks in small-biz loans according to Biz2Credit Small Business Lending Index
From March 2011 through May 2012, credit unions have approved a higher percentage of loans each of those months than big banks, those with more than $10 billion in assets, and small banks, those with less than $10 billion in assets. See chart to compare the loans.
June 6, 2012
Biz2Credit Small Business Lending Index for May 2012 Reports Dip in Loan Approval Rates at Big Banks and Small Banks
The Biz2Credit Small Business Lending Index, an analysis of 1,000 loan applications on Biz2credit.com, found that loan approvals by big banks dropped from 10.6% in April to 10.2% in May 2012
May 25, 2012
Small Business Access to Capital: Alternative Resources Bridging the Gap
Nationwide in the U.S. over the past 15 years, small businesses generated 64 percent of the net new job growth. Small businesses with fewer than 500 employees, a definition used by the Small Business Administration (SBA), represent 99.7 percent of all employer firms..
May 8, 2012
Can credit unions help to close the lending gap?
Some small-business owners are turning to credit unions as they search for capital to expand their businesses. "Credit unions are filling a void in the marketplace that has existed because many commercial banks have abandoned the small-business sector,"
April 9, 2012
Foreclosures Still Climbing For NJ Commercial Properties
Alongside pronouncements that the state's business outlook is brightening, foreclosures of non-residential properties have been increasing in New Jersey. During the economic downturn in 2009, the state saw 3,827 non-residential foreclosure filings, including tax sales.
March 19, 2012
Looking to Borrow? An Audited Financial Statement Can Help
More than one-half of all small-business loan applications are being rejected by banks, according to the Biz2Credit Small Business Lending Index. In such a tough lending environment, companies in need of capital might find lenders more receptive
February 17, 2012
Alternative Lending Being Given a Boost
NEW YORK (MainStreet)
Even as credit starts to flow again timidly at traditional lenders, small businesses -- particularly start-up companies -- are still having trouble getting financing. Many have turned to alternative lenders. And now bigger, more recognizable names finally smell opportunity
January 31, 2012
How to Finance Your Start-Up Without Tapping Home Equity
With home values still depressed-and likely to remain so in the coming year-many people who plan to start businesses won't be able to leverage their personal properties to raise capital they need. There are several alternatives, however, some newer than others.
January 28, 2012
7 Great Places to Find Franchise Financing, Loans & Credit From Small Business Lenders to SBA Banks
"Franchising, due to its structure and demonstrable track record of 40 percent growth over the last decade, offers the most promising vehicle to accelerate widespread job creation in this country,"
December 22, 2011
Where To Turn When Your Bank Doesn't Love You Anymore
I t's the ultimate kick-in-the-gut for an entrepreneur: Your bank says your loan doesn't fit its lending criteria anymore. It won't renew your line of credit. Or, it changes itsservices or lending terms in a way that makes itunattractive for you to continue doing businessthere.
December 16, 2011
Protect Your Business From the European Meltdown. Now.
Every money manager I interview is worried that Europe could blow any day now. Here's how to make sure your business survives. It's understandable that most business owners have been ignoring the financial news out of Europe these days
December 12, 2011
Paychex Launches Website to Help Entrepreneurs Start, Grow, and Manage
ROCHESTER, N.Y.--(BUSINESS WIRE)-- Paychex was founded in 1971 as a small business with a great idea and a commitment to make it work. Fast forward 40 years and Paychex has grown to become a nationally recognized leader in providing payroll, human resource..
December 7, 2011
Over 100 Million Shoppers Help Jumpstart the Holiday Season for Independent Merchants
NEW YORK, December 7, 2011 -- The second-annual Small Business Saturday gave a boost to Main Street merchants and spurred an estimated 103 million Americans to shop at independently-owned small businesses.
December 7, 2011
Loan Approval Rates Continue to Rise at Big Banks and Smaller Lenders
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.
November 25, 2011
Business owners say bank loans hard to get
LOS ANGELES - The TV commercials are heartwarming - Richard and Gloria Pink, sitting in their busy hot-dog stand on Los Angeles' La Brea Avenue, remember how Bank of America gave his parents the loan that helped them build their business more than 50 years ago.
