Banks are pushing business loans. Businesses aren’t so sure.

Cindy Apt

When the biggest banks in the country announced their quarterly earnings earlier this month, many of them reported loaning out more money to businesses than they had been during the first two years of the pandemic, when many small businesses were flush with government relief. Even though commercial lending is […]

UK banks need pushing to recover Covid business loans, say MPs

Cindy Apt

MPs have urged ministers to use legal, regulatory and contractual means to ensure banks do their utmost to minimise taxpayer losses under one of the government’s flagship Covid-19 loan schemes for small companies. In a report published on Wednesday, the House of Commons public accounts committee also accused the Department […]

Local banks could help shore up Black business loan program

Cindy Apt

Everybody loves a story with a happy ending. Unfortunately, when it comes to a state-sponsored program for providing Black-owned businesses with loan money, I don’t think we’re quite there yet. I wrote a column about the Black Business Loan Program, administered by the state’s Department of Economic Opportunity, a couple […]

Small businesses in need of a loan find banks are stingy

Cindy Apt

NEW YORK (AP) — Small businesses still have the pandemic and now high inflation to grapple with — and they’re finding it’s tough to get a loan to help with the daily grind. A recently released survey from the Federal Reserve shows how the pandemic has altered the financial landscape […]