Smart Borrower Blog

Archive for the ‘Business Borrowing’ Category

Small Business Loan Approval Rates Remain Strong in March

Apr 12th, 2017 @ 9:16 PM by Amber Nelson

Small banks and institutional investors approved more U.S. small business loan applications in March , according to data from the Biz2Credit Small Business Lending Index, although approval rates fell among credit unions and alternative lenders. Small banks – those with less than $10 billion in assets – approved 48.9 percent of all small business loan […]

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Business Borrowing Fell in January but Still Up from Last Year

Mar 8th, 2017 @ 8:50 PM by Amber Nelson

U.S. small businesses borrowed less money in January, with borrowing falling to a three-month low, but it increased on an annual basis. The Thomson Reuters/PayNet Small Business Lending Index declined in January to 123.3, down 8 percent from 134 in December. That is the lowest level since October’s 119.8 reading. However, PayNet sees the dip as […]

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U.S. Small Businesses 2016 Sales Growth Falls But Profit Margins Rise

Dec 28th, 2016 @ 1:38 PM by Amber Nelson

American small businesses had a pretty good year, with profit margins growing compared with 2015, notwithstanding the annual sales growth rate dropped from the same period, according to financial information firm Sageworks. Small businesses – those with less than $10 million in annual revenues – saw an average of 7.3 percent growth in sales in […]

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Business Loan Delinquencies Rise to 4-Year High, Borrowing Falls

Nov 9th, 2016 @ 8:13 PM by Amber Nelson

As U.S. small businesses anticipated the results of the presidential election, they borrowed less and fell behind on their business loans at a higher rate in September. According to the Thomson/PayNet Small Business Lending Index, small business borrowing sank to a reading of 128.9, down from results,” notes William Phelan, president of PayNet. “This still […]

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‘Shadow Lenders’ Step in Fill Financing Gap for Commercial Loans

Sep 23rd, 2016 @ 12:37 PM by Amber Nelson

As traditional banks face stricter federal regulation, non-traditional lenders have moved onto the scene to finance the needs of commercial real estate developers. After the financial crisis that began almost a decade ago, the federal government instituted tighter rules on banks, requiring things like higher cash reserves and more stringent lending standards for construction loans. […]

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Small Business Lending Ticked Up in June

Aug 10th, 2016 @ 9:04 PM by Amber Nelson

U.S. small businesses increased their borrowing in June compared with the month before, but fell from the year-ago level, according to new data, a sign that the economy may continue to limp along for a few quarters. The Thomson Reuters/PayNet Small Business Lending Index rose to 138.9 in June, up from 131.1 in May. On […]

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Large and Small Business Borrowing Slumped in May

Jul 13th, 2016 @ 3:10 PM by Amber Nelson

Two separate reports found that U.S. businesses, both large and small, cut back on borrowing in May, a sign that the economy was already on rocky ground before the tumult of Brexit in June. The Thomson Reuters/PayNet Small Business Lending Index fell to 128.6 in May from an upwardly revised 129.5 in April. The PayNet […]

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Google Puts the Kibosh on PayDay Loan Ads

May 11th, 2016 @ 12:04 PM by Amber Nelson

Google has decided to ban advertisements for payday loans on its search engine pages in an effort to protect its consumers, according to recent statements. Payday loans, as defined by Google, are loans with an APR of 36 percent or higher and are due within 60 days of issuance. Google’s users will still be able […]

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Banks Expect To Tighten Business Lending Standards in 2016

May 4th, 2016 @ 9:31 AM by Amber Nelson

A significant share of bankers expect to require higher standards on business loans during the rest of 2016, according to a new survey from the Federal Reserve, a sign that the overall economy could slow in coming months. In the April 2016 Senior Loan Officer Opinion Survey on Bank Lending Practices, the Fed reported that […]

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Small Business Lending Got a Boost in February and March

Apr 6th, 2016 @ 7:58 PM by Amber Nelson

Two separate indexes released this week show that small business lending has been picking up over the last two months, a welcome sign of a stronger economy. The Thomson Reuters/PayNet Small Business Lending Index , a measure of small business borrowing, rose to a reading of 138 in February, up 17 percent from the month […]

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