Industry News – October 15, 2018
October 15, 2018
SBA Celebrates National Women’s Small Business Month
In recognition of this month, SBA Administrator Linda McMahon has written a blog on the organization’s site on the entrepreneurial spirit of women.
Source: Small Business Trends
Big Banks Hit Record High Small Business Loan Approval Percentages in September
The September approval percentage for big banks (assets of $10 billion+) rose from 26.5% to 26.7%, according to Biz2Credit’s monthly report.
Small Business Sentiment Retreats From 45-Year High, According to NFIB
The 2017 tax cuts helped drive optimism to the highest in decades, yet owners call taxes their second-biggest business problem.
Big Drivers of Small Business Loans
While fintech firms are capturing the bank’s market share, banks still have an opportunity to win a larger share of the pie.
Source: ABA Banking Journal
Uber and Girlboss Want to Help Fund Women-Owned Startups
Uber is teaming up with Girlboss to invest more than $200,000 in women entrepreneurs.
Source: Fast Company
Millennials and Impact Investing: A Striking Pair For a Broadening Sector
More than half of Millennial investors (52%) see the social responsibility of their investments as important selection criteria.