Banks Are Increasingly Small Business Friendly
A few decades ago, it wasn’t easy to get a small business loan from a bank. Banks held all the leverage, and you would never go to one of “the big guys” to fund your business. Only the relatively small, local banks took the time to go after your market. According to a Federal Reserve study from 1996, small banks (under $1 billion in assets) lent nearly two-thirds of the money small business owners used to capitalize their companies.
However, in recent years, competition among banks has in-creased. Small banks still target (more…)
