most common small business loans
what banks offer business loans
I… … How can I start a business with no money and bad credit I know it sounds impossible just ….
are business loan fees tax deductible
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.