Archive for October, 2009

SBA 7(a) and USDA B&I Lead Generation: A Primer

I am often asked by brokers new to commercial lending what I think are the most effective ways for generating new clients in the government-backed lending space.  I believe a good place to start is by gaining a strong understanding of the products and the role that they play in the market. Â
By gaining a deeper [...]

Quote of the Week

“Most of us never recognize opportunity until it goes to work in our competitor’s business.”
~ P.L. Andarr

Obama Pushes to Increase the Flow of Credit to Small Businesses

After several months of criticism that his administration has done too little to help small businesses weather the recession, President Obama recently unveiled initiatives to increase the flow of credit to small businesses.Â
Some of these initiatives include:

Allowing smaller community banks to borrow at lower rates
Raising loan caps on SBA programs

With these initiatives in place, it will [...]

Quote of the Week

“The will to win is worthless if you do not have the will to prepare.”
~Thane Yost

Quote of the Week

“Lack of willpower and drive cause more failures than lack of intelligence and ability.”
~ Harry F. Banks

Credit for Small Businesses Remains Tight as the Country Tentatively Rises from the Recession

Many business owners are left scratching their heads when their request to secure bank loans are denied,  despite their  outstanding credit history, increased sales year after year and limited debt.
At a time when small and mid-size business growth is imperative for the overall economic growth, banks are scared to death of extending capital to businesses that in [...]

Quote of the Week

“If you find a path with no obstacles, it probably doesn’t lead anywhere.”
-David Lloyd George

A Dismal Year for SBA Loans Ends on an Optimistic Note

After a tumultuous year for industries across the board I think it’s fair to say people are sick of hearing the statistics comparing 2009 to the booming times which peaked in 2007.  However, we are slowly starting to see a slight break in the clouds that have been looming overhead.
Despite record low SBA loan approvals [...]