Tag Archives: business lending

Big Banks Bullish on Lending to Small Businesses, Biz2Credit Reports

Another month brings another record high small business loan approval rate by big banks. Biz2Credit Lending Index July 2018 The July reports this was a strong month for small business lending approvals. Strong economic numbers including higher wages are driving lenders to give small businesses the funds they need to grow in this environment. Biz2Credit CEO Rohit Arora, who oversees the Index, explained this environment in the report. Arora said, “The Fed rated the economy as strong this month, and the Jobs Report found that the economy […]

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Small Business Loan Approval Rates Hit Record High, Biz2Credit Reports

The Biz2Credit Small Business Lending Index for is reporting record highs of loan approval from banks and institutional lenders. Biz2Credit Lending Index May 2018 The record highs reflect a strong US economy and job growth. The Bureau of Labor Statistics reports the is currently at 3.8%. And wage growth is also experiencing the highest rate in two years according to the latest Paychex/IHS Markit Small Business Employment Watch. For small business owners and entrepreneurs looking to expand or start their fits venture, this is a good time. […]

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Weekly Small Biz Headlines: New QuickBooks Features, Trump Tax Plan Explained

Weekly Small Biz Headlines: New QuickBooks Features, Trump Tax Plan Explained

The gig economy is changing the way small businesses hire. And it has also led to more people making a career out of freelancing and contracting. Previously, tax season was complicated both for contractors and the small businesses that hire them. But a new Intuit tool aims to change all that. In addition, the recent Trump tax plan could make a major impact on small business finances going forward. And Small Business Trends sat down with a CPA to better understand some of the nuances. See both […]

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