Entries from BizBox Blog on Slate tagged with 'Banks'
Behind Small Biz Problems Lie the Banks
The cover story in today's New York Times Business section concerns the continued tightened state of small business credit. (Reuters ran a similar state-of-small-business-credit story recently, and found similarly cramped circumstances.) There are two crucial points the Times makes about...
The Contracting Mess? Blame the Banks
Why do small businesses have such difficulty obtaining government contracts? According to the Senate Committee on Small Business & Entrepreneurship, this is due in part to "a maze of complicated laws and regulations that make it difficult for them to...
Getting Banks On Your Side
You're The Boss provides a limited defense of banks, often thought to be the Hatfields to the small businesses' McCoys, pointing out that now is genuinely a tough time for them to be lending too much money; and they're not...
Taking Stock of Lending
Last week, we were hailing Robb Mandelbaum's reporting on the broad problems with the America's Recovery Capital loan program. Remember, under ARC, struggling but "viable" small businesses can get no-interest loans of up to $35,000 to pay back existing bank...
A World Without Banks
What would a world without banks look like for an entrepreneur? Two words: Seller Financing. In an era of tighter financing standards and risk-averse banks, it’s worth approaching your small business challenges as if next year will be a world...
So What Do Banks Do, anyway?
I previously wrote that Banks do not lend to small businesses, so some readers may be wondering what, exactly, do banks do? Let’s approach this by process of elimination: They don’t make small-business loans. Unless bribed by the SBA through...
Small Business and Banks, and the Tooth Fairy
When I think about my small business trying to get a loan from a bank, I’m reminded of Randolph and Mortimer Duke from Trading Places torturing Eddie Murphy and Dan Akroyd’s characters for sport. I imagine myself walking empty-handed out...
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