Business Loose Out On $10.5 Billion
Posted on 18. Nov, 2009 by Entrepreneur Financial in Business Financial News
It should be no surprise that getting a small business loan has been tougher than ever this year. In fact, a recent report released by the Treasury Department, states that the top 22 bailed out banks that received the most funding from the Troubled Asset Relief Program(TARP), which include CitiGroup, Bank Of America, & AIG, [...]
Small Businesses Rely More On Credit Cards Than Loans Due To Economy
Posted on 03. Nov, 2009 by Entrepreneur Financial in Business Credit Cards, Business Financial News, Small Business Banking
Getting a loan for small businesses be quite a challenge, but a recent article from CNN Money suggests more small businesses are applying for credit cards instead, since that’s all that banks will offer right now. However, running on credit cards alone could be a risky move. CNN notes that last month JPMorgan Chase had released four new types of small [...]
House Passes Act For Small Businesses
Posted on 03. Nov, 2009 by Entrepreneur Financial in Business Debt, Business Financial News, Small Business Loans
The House of Representatives approved the Small Business Financing and Investment Act (H.R. 3854) last week which will generate and save more than a million job. The bill passed 389-32, and will generate more lending opportunities for a small businesses and will also try to help the credit markets, which have been down in the dumps this year [...]
