Ever been asked the question, “Which came first, the chicken or the egg?”  For some, this question sends the brain into an endless spiral of confusion.  The current state of bank lending can have the same affect on a small business owner in desperate need of business cash. “Banks are more likely to approve a credit line to a business when it doesn’t need the funds compared to one that is financially strapped,” wrote small [...]

Despite constant efforts to increase small business access to bank funds, small business lending has continued to decline, according to CNN Money. “The 22 banks that got the most help from the Treasury’s bailout programs cut their small business loan balances by a collective $10.5 billion over the past six months,” wrote Catherine Clifford.  Also according to the article, Wells Fargo saw the biggest lending drop. So what do all of these statistics, numbers and [...]

“…the entrepreneurs who drive this part of the economy continue to complain that access to credit two years into the recession remains scarce,” writes Reuters’ Bryan Snyder, and despite constant news of an improving economy, sources everywhere are still speaking of the difficulties of securing small business loans.  Snyder continues, quoting Todd McCracken, president of the National Small Business Association who said, “…it’s now that we see some signs of a potential recovery that we [...]