Source: New York Times, July 22, 2010
By DAVID HERSZENHORN
The Senate voted on Thursday to include a proposed $30 billion lending program in a package of aid for small businesses, as two Republicans joined with Democrats to support the amendment.
The vote was 60 to 39, with Senators George LeMieux of Florida and George V. Voinovich of [...]
Recently, Mr. Bernanke was characterized as being puzzled as to whether small businesses were deprived of liquidity because banks aren’t lending or demand is simply weak.
Has Mr. Bernanke spent much time talking to the business owners who are struggling to stay afloat? Has he spent time talking to the alternative lenders who are inundated with [...]
Source: Associated Press
WASHINGTON – Big companies are building up cash and are expected to report strong earnings starting this week. Not so for small businesses that can’t get loans — or hire freely until they do.
The gap helps explain why the economic rebound isn’t stronger and could even stall. Federal Reserve Chairman Ben Bernanke stepped [...]
That is the question for most small, community banks. Small businesses and banks are both frustrated by the tight credit standards for new loans.
The banks cannot afford to make questionable loans, yet want to preserve the established relationship with the borrower. Companies at a critical juncture need a credit facility for working capital, yet find [...]
source: Fort Worth Business Press , July 05, 2010
BY JEFF NOLAND
Despite bank bailouts from Washington, D.C., credit for small and mid-sized businesses remains extraordinarily tight. For many banks, the lending pipeline is simply too clogged with “non-bankable” loans to even consider relaxing their credit standards for new loans, even for their existing customers.
It is a situation that [...]
Source: New York Times.com
By ROBB MANDELBAUM
It was late October when President Obama first called for measures to stabilize struggling small businesses. Then, in his State of the Union address in January, he emphasized the role small business would play in healing the nation’s wounded economy. But it is only now, eight months after that speech, [...]
[ July 8, 2010 to July 11, 2010. July 8, 2010 to July 11, 2010. ] When: July 8-11, 2010
Where: Ocean Edge Resort, Brewster MA
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