Category: Interest Rates

Strong Economy, Rising Interest Rates Encourage Banks to Make Small...

December 13, 2017

Despite his low overall approval rating, Americans are giving President Trump high grades on the performance of the economy, according to a recent story in The Wall...

4 Tips to Landing a Low Interest Rate Loan

August 9, 2013

Business loan rates are all over the board. A business loan rates comparison can confuse current or would be small business owners due to the simple fact that the range of rates available can be so broad. The obvious underlying question however, is how one gets a loan that is...

South Carolina Small Business Borrowing Boosted by $18 million Program

July 30, 2011

The Federal government has granted $18 million to South Carolina to create capital access program for small businesses that are credit worthy. The ‘National State Small Business Credit Initiative funding’ can generate 10 times as much in private lending. South Carolina had to show a reasonable expectation that from every...

Business Credit Cards Easy to Get, But Won’t Help Economy

July 29, 2010

We’ve heard how difficult it is for small businesses to secure bank loans, a new Fed report says that banks have been very willing to issue small business credit cards. About 75 percent of applicants in 2009 were approved for small business credit cards, according to the report. Even among...

Obama to banks: Boost lending to small biz

April 15, 2009

A new requirement by the Obama administration will hopefully spur the 21 largest banks receiving U.S. government money to lend more to small businesses. The new rules, outlined in a March 16 Associated Press story, have those banks reporting monthly on how much they lend to small businesses. All others...

Blogger: Big banks getting a pass

April 13, 2009

The federal government is pouring cash into huge financial firms with very little oversight while even the slightest hand out to small business owners brings “we-need-scrutiny naysayers” out of the woodwork, says journalist JJ Ramberg of “Your Business.” Ramberg, who anchors the MSNBC weekly show on small business, continued in...