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  • Making small business loans profitable

    At the risk of stating the obvious, bankers are generally good with numbers. So it makes sense that lenders and financial institutions are more enthusiastic about making the larger business loans than making the smaller loans. After all, it takes as much time to process a small loan as a…
  • Survey: Long waits and difficult applications aggravate small business borrowers

    The good news for banks and credit unions? Small-business borrower satisfaction is higher for these lenders than for online lenders, according to a new Small Business Credit Survey by the Federal Reserve. The not-so-good news? Satisfaction with online lenders has increased over the last two years, even as net satisfaction…
  • Using technology to reclaim the SMB lending market

    Community banks have lost significant ground in the small business lending (SMB) market to large banks in recent years. While the number of small business loans hasn’t changed dramatically, the emphasis of control has. With the vast majority of small business lending being dominated by large banks, and that disparity…
  • 4 key characteristics of the modern SMB borrower

    During a recent webinar with Sageworks, David O’Connell, a Senior Analyst at Aite Group, presented data from a recent survey by Aite of small and medium business borrowers. Included in this data were some key insights into the small business borrower. 1. They apply early… The Aite survey data first looked…
  • How the SBA can help grow your small business

    Growing and financing a business is an incredibly difficult undertaking; the Small Business Administration (SBA) has a wealth of resources available to help small businesses meet their financial needs, including debt financing, surety bonds and equity financing. Debt Financing The SBA cannot directly lend capital to small businesses. However, that…
  • Filene report: Small business microlending opportunity for credit unions

    Filene Research Institute recently published a report investigating credit unions’ opportunity to develop lasting small business relationships through microlending. According to Filene, there are fewer and fewer community banks available to lend to small business owners. And these owners often have difficulty receiving funding from larger banks. In fact, an…