Thursday, October 18, 2012

Finally, Access to Capital Improving for Small Businesses

http://bkhelpnow.com/wordpress/2012/10/17/finally-access-to-capital-improving-for-small-businesses/


The credit pipeline for small businesses has been frozen or clogged for years now. And while plenty of entrepreneurs still can’t get financing, a growing number of indicators point to improvement in access to capital. Here are some signs worth watching.

– The nation’s largest banks saw more demand for capital and approved more loan applications in September than the month prior. According to a report this week on banks with more than $10 billion in assets, the overall volume of loan applications increased by 5.6 percent in September over August, reports Biz2Credit, an online credit marketplace in New York City that connects small and midsize businesses with lenders. At the same time, approval rates jumped 30 percent at big banks, climbing to 14.2 percent in September, up from 10.9 percent in August.

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