Tag Archives: lending

Banks are lending again — finally

After keeping the vault door closed tight for the last several years, banks are finally loaning money again.

PAULSON+MONEY.jpg“With most major banks done reporting fourth-quarter earnings, one trend is clear: For the first time in a while, loan growth is back,” according to a Motley Fool report.

JPMorgan Chase, Citigroup, Wells Fargo, US Bancorp, SunTrust and other banks all report an increase in loan totals.

“A lot of these banks had been paring back on loans for the better part of three years. Not only has that trend turned around, but it’s happened quickly,” Motley Fool says.

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Credit crunch may be easing

Several reports in the last few weeks indicate the credit crunch may be easing. Banks may be making loans again after too many months of sitting on their vaults.

For way too long creditworthy small businesses have had a difficult time getting the financing they need to grow and create jobs.

If reports of an easing credit crunch are true, it’s about time. Now, if we can convice the big business to start spending some of the record profits they’ve been hoarding, we might see a real dent in the jobless rate.

WSJ’s Marketbeat blog: Shocker!: Banks are starting to lend again

Congress disappoints small business again

Small businesses expecting Congress to do something helpful — like improving the flow of capital to creditworthy entrepreneurs — have been disappointed once again.

709542c8a10cf30cd10e6a706700c508.jpgLegislation that would improve access to capital is snarled in the usual Democrats vs. Republicans politics. We shouldn’t be surprised. Partisan politics rarely brings out the best in our elected leaders.

Bickering over small business legislation will heat up when the fall campaigns crank up after Labor Day.

Will the rhetoric produce results?

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Small biz lending fund clears filibuster — finally

Passage looked pretty dicey earlier this week, but a bill that would increase lending to small businesses cleared the filibuster hurdle late Thursday.

Two Republicans joined the Democrats in a 60-37 vote.

Tennessee Senators Lamar Alexander and Bob Corker voted against the bill. I doubt if they will support the bill when it comes up for a final vote, but they should.

Although the bill is imperfect, it would provide $30 billion in desperately needed capital to small businesses.

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