The financial strings are starting to loosen with banks showing their biggest increase in business lending in four years. According to a recent article from the U.S. Small Business Administration (SBA), financial institutions (mostly community banks) are reporting “an increase in their small business lending by $3.5 billion” thanks to the Department of Treasury’s Small Business Lending Fund. The key to securing a SBA loan, whether to bankroll a new opportunity, hire more workers or expand your inventory, is to find the right lender by talking to your local SBA office and putting together a winning and comprehensive loan proposal. And, don’t forget to take advantage of the SBA’s free online courses about business financing along with their loan application checklist.
Article: Small Business Lending is Improving: Tips for Finding and Securing the Right Loan
