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News & Events Affecting Small Businesses

Big banks not the help to small businesses they once were

It used to be that small businesses relied on close, personal relationships with their local banks. That's no longer the case. Since the financial collapse almost a decade ago, many small banks have been absorbed by larger – and fewer – institutions. The banks of today are so big that most times they don't consider … Continue reading Big banks not the help to small businesses they once were

Small businesses ramp up borrowing in September

Small businesses ramped up their borrowing efforts in September, banking on a boost in household spending. The Thomson Reuters/PayNet Small Business Lending Index concluded that businesses' confidence in consumers' desire to spend were behind their decisions to borrow more in September. The report on small business financing is comprised of a survey of 250 lenders. … Continue reading Small businesses ramp up borrowing in September

Very small business owners plan to turn to Internet to expand profile

Research shows that many very small businesses don't have their own websites, which could be preventing further growth. The findings were the result of a GoDaddy poll. The company commissioned RedShift to ask 4,000 owners of small businesses with five or fewer employees if they had a website, and 59 percent of the respondents indicated … Continue reading Very small business owners plan to turn to Internet to expand profile