28 Feb '12, 10pm

Dow hits 13000. #Smallbiz lending is looking up: #GrowSmartBusiness

Small Business Lending: Finally, a Light at the End of the Tunnel? February 28th, 2012 :: Maria Valdez Haubrich By Maria Valdez Haubrich Small business lending activity seems to finally be looking up. In January, alternative lenders—such as community banks, credit unions and others–approved more small business loan applications than they had done in any month during 2011, reports American Banker . Banks with assets under $10 billion approved 47.5 percent of applications for loans between $25,000 and $3 million. That’s an increase from 43.5 percent approval in January 2011. Credit union approvals grew even more: 57.6 percent of those applications were approved, up from 48.9 percent in January 2011. And alternative lenders saw the largest surge of all. Community development financial institutions, microlenders and accounts-receivable lenders approved 62.4 percent of small bu...

Full article: http://www.networksolutions.com/smallbusiness/2012/02/sma...

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