The New York Times: When banks declare in advertising that they want to help small businesses grow, just how small do they mean? A campaign for a bank in Colorado is taking that assertion down to the itsy-bitsy, teeny-weeny level. The campaign, for the FirstBank division of the FirstBank Holding Company, is centered on eye-catching […]
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photo credit: Mike Licht, NotionsCapital.com We have been seeing this trend of the government dishing out all kinds of bailout money to large corporations and now to large and small banks all over the country. We are about to see yet another bailout being handed to smaller banks in the near future. While treasury secretary
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Associated Press: Several men wordlessly carry out furniture, broken computers and boxes of garbage from a large blue house on a quiet upstate street on a brisk autumn morning. Rusting bikes and an old grill lay discarded in the overgrown backyard which is spotted with empty beer cans and crushed milk cartons. The mood is
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Entrepreneur: The U.S. Federal Reserve vowed to buy short-term debt in order to unlock the credit flow that business owners rely on for quick loans, but today it’s still not clear exactly when the relief will come or whether the move will indeed trickle down to the everyday entrepreneurs who need help the most. The
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The credit crunch isn’t doom and gloom, in fact there some good news for small businesses. Some specialized banks, especially small business banks, see an opportunity in the tightening credit market. Sterling National Bank is running ads in The Wall Street Journal asking, “What credit crunch?” in an attempt to gain market share from other
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