SmallBusinessNewz

SBA Loans In Short Supply

Want still more evidence that the economy is squeezing small businesses?  Unfortunately, the Small Business Administration is able to supply it.  It seems that, compared to last year, the SBA is making significantly fewer loans.

Legislation to Ease the Loan Process for Small Business Owners

It has been more expensive and difficult for owners of small businesses to obtain loans lately. The Federal Reserve acknowledges this, and of course so does Senator John Kerry.Kerry, in his continuous efforts to call attention to Bush Administration failures, is now calling for legislation to temporarily reduce fees for borrowers and lenders.A statement from Kerry's camp notes that entrepreneurs are being "squeezed" as a result of the mortgage-lending crisis.

Lending Standards Growing Less Friendly

"We need that yesterday," you might say in regards to any number of things.  And if your business needs money, new reports indicate that it should be added to that list, as banks are making it tougher to get a loan.

Online Loan Sites Picking Up Steam

One - perhaps the only one - nice thing about the housing market crash is that the drop in prices has made homes more affordable.  Foreclosures have also made banks more or less lock up their vaults, though, and so less traditional loan sources may see some new business.