Home Advertise Contact Blog Advertiser Login High-Yield Investments
Newsletter Signup

Business Opportunities
Change Your Life Get Into Business For Yourself Online Business Opportunities
Home-Based Business Opportunities
Licensee Opportunities
Low Cost Opportunities
Distributorship Opportunities
Home-Based Businesses
Choosing a Business Opportunity Growth and Profit Marketing and Sales
Plans and Goals Running Your Own Business Start-Up
Working From Home Entrepreneur Exchange Feature Articles
Opportunity Community Opportunity Focus In The News

Buy Business Opportunity Franchise - Owning a business is as popular as every in the U.S. Thousands buy a business or Business Opportunity or Franchise each year. Will you be one of them?

Buy Business Opportunity Franchise - Here is a look at who is currently buying new businesses, the hottest...

Expanding Opportunity Services - It has always been our mission to provide the best customer service possible and have recently added no cost training and coaching sessions for all active advertisers. Now, we are going a step further to address the one major problem faced by opportunity owners–lack...

Drone Technology - Don’t think drones and franchises and businesses opportunities have anything in common? Think again. Drone technology is transforming the way many industries tackle a wide range of everyday services.

Drone Technology - Here is a look at how drones are impacting the way businesses...
Business Opportunity for Sale

Sponsors

Get a piece of the BILLION DOLLAR APP INDUSTRY! LOCK IN A TOP POSITION. Click of Call Bill Toth Phone: (716) 345-1888
Need To Fill Positions Fastest Growing, All Inbound Call, Direct To Consumer Distribution Team In The USA! 217-718-4744
This Featured Article is live on our blog and I know could be very insightful for connectivity and ROI.
If you're a successful entrepreneur who provides others like you the chance to follow in your footsteps... Read On
Productivity Hacks will help you make more from less this 2016. Here at BusinessOpportunity.com we want to... Read On
Residual Income is the way that you work once and get paid multiple times—sounds great!... Read On
The internet loves obscure abbreviations. You can skip over most of them, but not CMS. What is CMS? read on...
Working-At-Home is easier said than done I know. Is this you though? Do you want the freedom of running... Read On
Home-Based Business ownership can be the most rewarding endeavor you will ever undertake. The new year... Read On
Flexible work schedule, no experience needed, and complete training and support available!
Be A Distributor
Work-at-Home
Small Business
Resource Center > Article
$30 Billion Small Business Lending Fund Is a Step in the Right Direction, But Not a Complete Fix
9 Feb 11 Posted by: Kathleen C Lanza
in Featured Articles
Share this Article:

If you own a home-based or other small business, chances are you’ve struggled over the last few years to obtain credit―so much so that you may have given up trying.  According to new survey data collected by The Gallup Organization for the National Federation of Independent Business (NFIB), you aren’t alone. The number of small-business owners seeking credit was just 48% in 2010, down from 55% in 2009.  The good news is that of those that did apply for credit last year, more of them got all, if not most, of what they needed than in the previous year.  Nonetheless, fully 16% of small businesses that applied for credit in 2010 were denied―a significant number to be sure.

In an effort to spur lending on the part of community banks to small-business entrepreneurs and broaden their access to credit, the $30 billion Small Business Lending Fund was signed into law this past September as part of the Small Business Jobs Act of 2010.  According to Colleen Murray of the U.S. Treasury Department, the feedback from community banks has been very positive thus far and strong participation is expected, even though the deadline for program participation is still more than six weeks away.

At first glance, a recent poll conducted by the Independent Community Bankers of America seems to contradict Murray’s assertion.  It found that 70% of internal respondents did not intend to tap the lending fund.  However, the two reasons most often cited may shed some light on that result.  They were:  1) Either the respondents were well capitalized already, or 2) They weren’t seeing enough loan demand to warrant participation.  One theory is that reduced demand is perhaps the result of small businesses having been so beleaguered by the credit crunch that they are backing up and regrouping before diving back into the application process. 

A good number of community bankers continue to actively debate the merits of the program at this time based on a number of key factors.  First, there is some concern that telling banks they can pay less by lending more is a dangerous proposition, as it encourages them to incur an unnecessary level of risk.  Second, some local banks are wary about taking government funds for the stigma it creates and the fact that the rules for borrowing from the feds have been known to change mid-stream.

The nation’s leading small business association, the NFIB recently heralded the Small Business Lending Fund as a good first step toward addressing the challenges faced by today’s small businesses.  However, it also cited the critical need to recognize that lending is only one of many problems they face.  “While the program…is a step in the right direction, it’s important to remember that access to credit is not the largest problem keeping small businesses from hiring,” said NFIB Senior Vice President Susan Eckerly.  “The number one problem facing small business is lack of sales.”  Furthermore, Eckerly says small business owners are still reluctant to hire additional employees because they are watching closely to see what the potential impact of higher taxes, healthcare mandates and increased energy costs might be in the next few years.

Sources:

Small Businesses’ Demand for Credit Fell for a Second Consecutive Year, National Federation of Independent Business, press release, Washington, DC, February 2, 2011.

Douglas, Danielle.  The Washington Post.  Small Business Lending Fund Getting Mixed Reviews from Bankers, January 17, 2011.

President’s Small Business Lending Fund a Step in the Right Direction, National Federation of Independent Business, press release, Washington, DC, February 2, 2010.

Live On Your Own Terms
Related Blog Posts
29 Sep 16 Posted by: Kevin James Culp
in Featured Articles

Buy Business Opportunity Franchise - Owning a business is as popular as every in the U.S. Thousands buy a business or Business Opportunity or Franchise each year. Will you be one of them?

Buy Business Opportunity Franchise - Here is a look at who is currently buying new businesses, the hottest...
Live On Your Own Terms
15 Sep 16 Posted by: Kevin James Culp
in Featured Articles

Expanding Opportunity Services - It has always been our mission to provide the best customer service possible and have recently added no cost training and coaching sessions for all active advertisers. Now, we are going a step further to address the one major problem faced by opportunity owners–lack...

Live On Your Own Terms
8 Sep 16 Posted by: Todd Hatch
in Featured Articles

Drone Technology - Don’t think drones and franchises and businesses opportunities have anything in common? Think again. Drone technology is transforming the way many industries tackle a wide range of everyday services.

Drone Technology - Here is a look at how drones are impacting the way businesses...
Live On Your Own Terms
6 Sep 16 Posted by: Kevin James Culp
in Featured Articles

Better Salespeople - “One thing I do know is you have to be able to sell if you own almost any type of opportunity and if you can't you should hire someone who can. Problem is what type of person makes the best salesperson that you can count on and why?", says business opportunity...

Live On Your Own Terms
10 Aug 16 Posted by: Kathleen C Lanza
in Featured Articles

Free Business Opportunity Seekers is what I Googled just now to see what came up. I know that many are looking to get into a business with no money. Yet, hey have the actual potential to make it not just invest a lot of sweat equality that goes no where.

OMG it was MLM city and a nightmare...
Live On Your Own Terms
Featured Listings
Entrepreneur
Be Your Own Boss

The Billion Dollar Salesman -Serving the World for 28 Years! I’ve truly lived a blessed life and I have also been fortunate to have many mentors that provided me with guidance and motivation. As a result of learning how to do things the right way the companies that I’ve owned have generated just...

Read More

Opportunity Video Spotlight

United Games! The first and only business that will pay you 24/7 365 days a year when people are watching NFL, NBA baseball, soccer, cricket, rugby, hockey in fact any major sport anywhere in the world.

Premium Sponsor


Launch a local deals website and Loyalty program. Turn-key local deals website setup on your own domain! 100% your business. Keep 100% your sales. Work on your time! No Experience Needed.

Benefits of Launching a Perks Nearby Business Are As Follows:
  • Exclusive to your area and Deals website and app
  • Loyalty Program and Your own brand & logo
  • 100% your business, you keep 100% of the sales
  • Work on your time and Multiple revenue streams
  • Web & Mobile Deals
  • Loyalty Program and Social Deal Apps
  • Text Deals and Affiliate Deals
  • Innovative technology and Marketing support
  • Training and support
Perks Nearby provides a turn-key and loyalty program business that gives you everything you need to be successful in your community.