Smart Borrower Blog

Archive for the ‘Commercial Loans’ Category

Business Borrowing for Equipment Rose 14% in August

Oct 4th, 2018 @ 8:50 PM by Amber Nelson

U.S. companies borrowed more for capital investments in August from the year before, according to the Equipment Leasing and Finance Association (ELFA), a continued sign that business confidence in the economy continues to grow. Businesses financed $8.9 billion in new equipment loans, leases and lines of credit in August, up 14% from a year ago, […]

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Banks Loosen Standards on Commercial Loans

May 30th, 2018 @ 7:07 PM by Amber Nelson

Large banks are making sweeter deals on their commercial business loans as they compete with one another to bring back loan growth, according to a report from the regulatory Office the Comptroller of the Currency (OCC). Commercial loan growth fell significantly during the Recession but had come back up to 12% by 2013. Then unexpectedly and […]

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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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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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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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Fed Survey: Stronger Loan Demand Hints at Increased GDP

Aug 5th, 2015 @ 8:09 PM by Amber Nelson

In its latest survey, the Federal Reserve found that banks are seeing an increase in demand for commercial and consumer loan, a sign that U.S. economic growth may pick up as we move toward 2016. The Fed’s quarterly Senior Loan Officer Opinion Survey on Bank Lending Practices is designed to uncover trends in demand and […]

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SBA Flagship Loan Resumes after Congress Raises Cap

Jul 29th, 2015 @ 9:03 PM by Amber Nelson

The Small Business Administration has resumed reviewing and approving applications for its 7(a) loan program following some quick Congressional action to raise its expiring funding limit. The 7(a) loan is the bread-and-butter lending product for the SBA. It allows business owners to purchase or update property and equipment, have more working capital and it can […]

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Small Business Lending Hits Seven-and-a-Half Year High

Nov 5th, 2014 @ 8:22 PM by Amber Nelson

September saw small U.S. businesses increase their borrowing to the highest level since before the financial crash, according to the Thomson Reuters/PayNet Small Business Lending Index , and a separate report says lenders expect to make even more such loans in 2015. The Index rose to a reading of 125.4, up 6 percent from 118.5 […]

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FICO Gets on Board With Business Credit Scores

Dec 12th, 2013 @ 9:37 AM by Amber Nelson

Business owners will soon get a look at how their credit is being scored by the Fair Isaac Comp. (FICO) To this point business FICO credit scores have only been available to lenders evaluating a business for a loan. Now, perhaps in an effort to cut in on the market share of other credit scoring […]

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Business Lending Standards Ease In Second Quarter

Aug 15th, 2011 @ 3:59 AM by Debbie Dragon

A recent Federal Reserve survey shows that lending for some businesses throughout the country got easier during the second quarter. In a time when lending has been difficult to come by for many businesses seeking credit this is good news. The survey which was conducted by the Federal Reserve received responses from 55 domestic banks […]

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