Financing small businesses

I’m not sure that availability to capital for small businesses has improved much over the past few months. From what I’ve seen, many small businesses have had credit lines reduced or terminated, and have difficulty finding banks who are willing to extend credit. There seems to be some activity by the administration and congress to improve the business credit situation. If you’re concerned about business credit, take a look at these Wall Street Journal articles:

Stimulus Relief Extended for SBA Loans

Another Chance For Small Business Loans?

Small Business Credit Cards Now Carry Sizeable Risk

Will Limkemann
Siqua Group Limited
www.siqualtd.com

Shift in Lending to Small Businesses

According to a June 2 report in Business Week, the SBA is seeing a shift in lending patterns to small businesses. While traditional business loans are down, credit cards are becoming more available to small businesses. This is particularly good news for home-based and other micro businesses whose credit needs are relatively small. See the full article here.

Will Limkemann
www.siqualtd.com