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Recent Small Business Financing Loan News:
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Florida banks are expected to be more aggressive in their lending, and economic development projects are expected to receive greater support, under a small business initiative involving $97 million in federal funds passed down to a state agency.
By Jeff Harrington, Times Staff Writer Tuesday, August 16, 2011 An additional $97.7 million in federal funds for small business lending will be available statewide through recent approval of Florida's application to tap the State Small Business Credit Initiative. Organizers of the program anticipate the federal seed money will be leveraged tenfold by private lending, generating more than $977 ...
Two Kansas banks have joined a growing number of banks tapping into a new federal program to spur small business loans.
SANTA CRUZ -- Small business owners are discouraged about seeking loans for expansion, as many of the nation's biggest banks have yet to open up the spigot for federally guaranteed loans, which closed due to the recession.
Many of the nation's biggest banks are making significantly fewer small-business loans under a federally guaranteed program than they did before the recession, reports MultiFunding LLC, a...
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