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BEIJING (Reuters) - A group of small-business owners in China has expanded a protest against higher fees to target Alipay, the country's leading online payment platform, after its corporate sibling, Taobao Mall, announced up to tenfold fee hikes for some businesses using its service, Chinese media reported on Monday.
Mike Herd, owner of Gable Integrated Services in Troy, Mich., said he'd like to take out a small-business loan so he'd have money to cover production costs of bigger orders as they come in to his business.
Founded in 2010 by industry veterans David Nayor and Mike Rozman, NY’s BoeFly is one of several startups aiming to offer a solution for commercial lending. Focused primarily on franchisees seeking small business loans, BoeFly has partnered with more than 1,000 banks and other lenders. To seek a loan, a potential borrower fills out an application [Full Story…]
LITTLE ROCK — Officials with the Delta Regional Authority announced Wednesday the creation of a program that will make loans available to entrepreneurs and small business owners who lack access to loans from traditional financial institutions.
Federally backed loans to small businesses rebounded over the past 12 months, surging in Western New York and hitting a new high nationwide, reflecting government incentives and revived borrower demand.
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