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Although white owners continue to own the majority of small businesses, growth in business ownership has been considerably larger among minority owners. The U. S. Census Bureau reports that during the economic expansion from 2002 to 2007, the number of businesses owned by minorities increased 45 percent, led by African American owners, who experienced a 60 percent increase in businesses owned. White owned firms increased only about 13 percent during this period. While minority owned firms now account for more than 20 percent of businesses, they remain relatively small, employing only around 5 percent of the nation's employees.

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2 The forum fostered communication among policymakers, regulators, small business owners, lenders, and other stakeholders.

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is a business loan classed as income But I think things have stopped getting worse and are looking a little better. ” Banks naturally tightened their lending standards as a result of the recession. As Mr. Bell explained, “f you’re a bank, you almost lost your franchise… you’re a borrower and you almost lost your business…human nature is…to be a more careful lender and…a more careful borrower. ” Regulators are working to ensure that lenders do not overreact and limit credit access to creditworthy borrowers. According to FDIC Chairman Bair, “I think maybe some banks also became a little more risk averse perhaps than they should have been. ” She added, “We’re encouraging banks. We want them to…make safe and sound loans. ” Regulators are emphasizing a back to basics approach to underwriting. As Federal Reserve Chairman Bernanke explained, “Our guidance is very clear. You shouldn’t be rejecting loans because of the industry or because of the geography, or some category.

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A cash conversion cycle measures the time period for which a firm will be deprived of funds, if it increases its investments as a part of its business growth strategies.

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You are not the only game in town banks across the country are making $100,000 + unsecured loans in less than 24 hours by using specialized decisioning models.

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