If your partner needs money because he spent money irresponsibly in the first place, well, sadly, he’ll just have to feel the burn and learn his lesson. You should never, ever lend money to someone who has a proven track record of mishandling money.
(The Grio) — A measure creating a $30 billion fund to help community banks increase lending to small businesses overcame a Republican filibuster Tuesday night in the Senate. Democrats projected that banks would use the fund to leverage up to $300 billion in loans to small businesses, helping to loosen tight credit markets. The measure, supported by President […]
(Businessweek.com) — Are banks lending more to small businesses? It’s hard to say. What’s called “small business lending” cuts across several business lines at most banks, from real estate to credit cards, and few lenders report separate figures for small businesses. Still, late last year, under pressure from the White House to increase credit to […]
(WSJ.com) — For years, Dell Inc. has relied on sales to small businesses for a big chunk of its revenue. It sells more personal computers to small companies than any tech supplier. Now, it is offering more credit to spur small business purchases. The financing strategy is showing promise. Its small-and-medium-business division posted a 10% gain in […]
New lending plummeted at the nine largest banks that have yet to repay their bailouts.