In a recent article located on Bizbox it was stated that there is money becoming available for small businesses out there more and more each day. This is due to a number of reasons:
- Small businesses are realizing that we are coming out of a huge recession and therefore there are not as many companies searching for loans and debt relief so banks are becoming a little more generous.
- Some states are already doing much better (recession wise) then others and therefore are lending out money again to their small businesses.
- The SBLF bill enables financial institutions with $10 billion or less to cut down capital and lend out money to small businesses in their community.
- Fees are being reduced on loans thus making it more obtainable for companies to seek a loan or debt relief plan.
“The small business credit issue is multi-faceted,”. “There isn’t a black and white answer to getting credit flowing to small businesses that are seeking credit. It’s also regional issue. Some states are doing better than others.”