We may have turned a corner. The bankers could be opening up their huge vaults of cash to the franchise and small business community. If this is really true, it's great news.
This week, I'm going to show you some proof that things are getting better for franchise buyers, and even current franchise and small business owners who are looking to obtain a loan. I've been surfing the internet, and have been able to easily find positive headlines concerning the current small business lending environment...
Look at these headlines;
JP Morgan Boosts Small Business Loans
According to www.TheStreet.com, JP Morgan is increasing its small business lending business and adding staff. The bank issued a statement which said that it is committing $12 billion to small businesses this year, a 20 percent increase over last year. Read more
The SBA Visits Seattle
From HeraldNet.com- The Jobs Act tour rolled into Seattle on Monday with the hope of putting more money in the hands of small business owners who will create jobs. The SBA came into Seattle to discuss the affects of the Jobs Act. More than 100 small business owners, lenders and workers for the Small Business Administration turned out. Read more
Survey Says Small Business Lending is Surging
According to an article in The New York Times, Greenwich Associates, a market research firm in the banking industry did a survey and found that among small businesses that did apply for a loan, 57 percent reported winning approval from the bank. In a summary of the survey distributed to its banking clients, they described the small-business lending market as rapidly returning to normal. Read more at the NYT
SBA Chief Pushes Lending in Miami
SBA chief Karen Mills was in Miami to meet with local business leaders last week. She said that nationwide, SBA lending is back at the peak levels of 2007 after the federal stimulus program was leveraged into $42 billion in loans in 2009 and 2010. In the South Florida region alone, SBA-backed lending was up 21% in the first half of the fiscal year. Read More at the South Florida Business Journal
Future Franchise Owners Applying for Loans Again
Ok...I made that one up. But, I do think we're going to start seeing more and more people who want to take their shot at franchise ownership, start visiting their local banks again to inquire about loan rates now that things appear to be easing up.
Something's up for sure; it only took me 5 minutes to find and digest 4 positive, (and current) articles concerning positive small business lending news on everyone's favorite search engine.
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Would you like to learn about a service-related franchise opportunity that offers two very different business models for you to choose from? And that includes a little extra bonus?
(The bonus is that it makes you feel good!) Look!
Comments