While the economy slogs along at a snail’s pace and businesses of all sizes continue to persevere, banks remain steadfast in reigning back loans for small businesses. Even though loans to small businesses were up 1% from last September, they are still 18% less than...
The Wall Street Journal reported on November 22 that “New Loan Rules Are on Tap.” Small businesses who use Deposit Advance loans to even out their working capital shortfalls will now face restrictions as the Office of the Comptroller of the Currency will increase scrutiny...
Has your request for a Working Capital loan ever been declined or converted to a term loan restricting your ability to grow? Many construction subcontractors who have expanded bidding opportunities are running into problems finding working capital due to significant restrictions put in place by...