Smart Borrower Blog

Archive for the ‘Business Borrowing’ Category

Small Business Loan Approvals Hit Post-Recession High

Aug 31st, 2017 @ 9:13 AM by Amber Nelson

Big and small banks alike approved record numbers of small business loan applications in July, according to data from Biz2Credit.com, a sign of stronger confidence in the economy. The Biz2Credit Small Business Lending Index showed that big banks (those with $10 billion or more in assets) approved almost a quarter (24.5 percent) of all loans […]

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Small Business Borrowing Hits High As Economy Grows

Jul 12th, 2017 @ 9:01 PM by Amber Nelson

Small business borrowing in the U.S. picked up in May rising to an 11-month high, according to new data, a good sign that demand is increasing and that small firms are feeling more confident about the economic environment. The Thomson Reuters/PayNet Small Business Lending Index, a measure of small business loan volume, increased to 137 […]

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Federal Reserve Raises Rates to 9-Year High

Jun 15th, 2017 @ 8:49 PM by Amber Nelson

The Federal Reserve increased its target interest rate to a range of 1 percent to 1.25 percent Wednesday, the first time in nine years the rate has been over 1 percent. The rise could affect everything from credit card rates to mortgage loans to savings rates. As promised, the Fed raised rates for the second […]

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Most Millennials Want to be Small Business Owners

May 31st, 2017 @ 7:47 PM by Amber Nelson

Young Americans have a greater desire than past generations to have their own businesses, but are held back by a lack of funding and knowledge of resources, according to a new study. America’s Small Business Development Centers (America’s SBDC) released a study of generational attitudes towards entrepreneurship and found that 54 percent of Millennials –those born […]

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Small Businesses Press Pause on Borrowing in March

May 3rd, 2017 @ 8:49 PM by Amber Nelson

U.S. small businesses held off on borrowing more money in March, waiting out the uncertainties of the domestic policies. According to the Thomson Reuters/PayNet Small Business Lending Index, business borrowing slipped in March to a reading of 134, down 1 percent from a year earlier. Compared with February though, the Business Lending Index rose 4 […]

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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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