Industry News - October 30, 2018
October 30, 2018
Aimed at adding transparency in the small business loan market, the new law will doubtless be followed by lawmakers and small business owners outside California as it is rolled out.
With small credit unions and community development financial institutions gathering for Inclusiv’s annual conference, Credit Union Journal queried attendees on the biggest challenges facing their institutions.
The surge of black-women owned businesses helped the U.S. Small Business Administration post-double-digit dollar gains this year in loan approvals for those firms.
The Biz2Credit Small Business Lending Index™, released Oct. 9, found that 26.7 percent of the loan applications submitted to big banks were approved in September 2018.
The federal banking agencies today released 2017 Community Reinvestment Act data on small business, small farm, and community development lending. The 718 reporting banks originated or purchased approximately 6.6 million small business loans.
February 12, 2019
With the Shutdown Looming Again, Lawmakers Should Remember Microbusinesses are Resilient, not Unbreakable
A recent CNBC article detailed how many small businesses that were adversely affected by the shutdown are struggling to move on.