Bailed-Out Banks Pass on Small Biz Loans

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September 22, 2010
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NEWS  THIS WEEK'S TOP STORY Bailed-Out Banks Pass on Small Biz Loans The U.S. government helped Wells Fargo, JPMorgan Chase and Bank of America back to health with over $189 billion in loans. The rest of the country: not so much

Inside: This Week in SmallBiz Entrepreneurs and their advocates say that bank lending guidelines have become so strict that many small business owners have given up trying to get credit. Banks counter they're lending as much as they safely can in an environment with few creditworthy companies and soft demand. Bloomberg's Bob Ivry digs in. Also on tap: Learn about legislation the Senate just passed meant to cut taxes and ease credit for small businesses. Get advice on continuing education classes for entrepreneurs and their employees. Finally, check out an opinion column on President Obama's recent proposal to allow business owners to deduct expenditures immediately, instead of over time. --Nick Leiber SEND FEEDBACK  |  E-MAIL A FRIEND  |  GET RSS  |  NEWSLETTERS

MORE SMALLBIZ NEWS Soros, Movie Stars, Actors as 'Small Business' The Senate GOP says Obama's tax increase would hit half of small-business income. But that only works using a broad definition Senate Approves Tax Cuts for Small Businesses The U.S. Senate approved legislation to cut taxes and ease credit for small businesses in a long-delayed victory for Democrats eager to show voters they are working to create jobs NEXT LIFE Veering Off-Road After Wall Street David Whitehead left the Street to launch an adventure driving business in Nevada THE TURNAROUND ACE A Stalled Food Manufacturer Overhauls Its Management Style The husband-and-wife team began meeting with customers themselves and fired their CEO. As the order schedule became firmer, they made better use of workers' time COMMUNICATIONS Four Lessons from the Google Instant Launch First, explain the gist of your new product or service in a clear way. Then use traditional tools and social media to sell the benefit, says Carmine Gallo   SMALLBIZ SLIDE SHOWS America's Most Promising Startups Meet new companies from across the country that embody the creativity and resilience common among today's entrepreneurs   SMALLBIZ SPECIAL REPORTS ENTERPRISE Focus On Entrepreneurs, August From Bloomberg Businessweek, a roundup of news, trends, and ideas for business owners ENTERPRISE Focus On Entrepreneurs, June From Bloomberg Businessweek, a roundup of news, trends, and ideas for business owners The Inner City 100 From Detroit to New Orleans, these growth businesses thrive in low-income neighborhoods—and strengthen local economies ENTERPRISE Focus On Entrepreneurs, May From Bloomberg Businessweek, a roundup of news, trends, and ideas for business owners ENTERPRISE Focus On Entrepreneurs, April From Bloomberg Businessweek, a roundup of news, trends, and ideas for business owners SMALLBIZ  BUSINESS DIRECTORY Need Help? Find experts in your area in: Accounting Advertising and Marketing E-Mail Marketing Legal Services Public Relations Search Engine Marketing Web Design Web Marketing Web Hosting  BW MALL  SPONSORED LINKS Buy a link now! This newsletter is a FREE service provided by BusinessWeek.com. To sign up for other newsletters, cancel delivery, change delivery options or change your e-mail address, please go to our Newsletter Preferences page. If you need other assistance, please contact Customer Service or contact: Wanda Cooper BusinessWeek Customer Rights Communications Data Services 1995 G Avenue Red Oak, IA 51566 Phone: 1-800-635-1200 To learn more about how BusinessWeek.com applies this policy, you can contact our Marketing Department. Copyright 2009-2010 by BLOOMBERG L.P. ALL RIGHTS RESERVED. Terms of Use | Privacy Notice

SMART ANSWERS KAREN E. KLEIN >> Continuing Education for Business Owners and Employees SUNY Oswego business school dean Richard Skolnik offers advice to small business owners considering a full-time, part-time, or online program SEND YOUR QUESTIONS TO KAREN >   VIEWPOINT SCOTT SHANE >> The Wrong Spur for Small Business Investment The President's recent proposal to allow business owners to deduct expenditures immediately, instead of over time, won't encourage increased investment, says Scott Shane View all articles for Scott_Shane   Advertisement Today's Tip Leadership Self-doubt and worry destroy productivity. So you need to keep focused and action-oriented even when nothing seems to be going your way. You need performance criteria that include financial results (good and bad) and also offer you longer-term, bigger-picture perspective on your business... --Michael H. Felberbaum, Founder, NumeSpot READ MORE > Advertisement