U.S. Stocks Advance Amid $21.5 Billion in Takeovers, Valuation
By Rita Nazareth
Aug. 15 (Bloomberg) -- U.S. stocks rose, erasing last week’s drop, as $21.5 billion in takeovers and valuations near the cheapest level in two years helped the Standard & Poor’s 500 Index extend its best three-day rally since 2009.
Motorola Mobility Holdings Inc. soared 56 percent as Google Inc. agreed to buy the company for about $12.5 billion in cash. Bank of America Corp. rallied 7.6 percent on plans to exit the international credit-card business by selling its $8.6 billion card business in Canada to TD Bank Group and leaving the U.K. and Irish markets. Exxon Mobil Corp. and Chevron Corp. advanced at least 2.6 percent, pacing energy-company gains, as oil rose.
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Monday, August 15, 2011
When Your Bank Won't Make a Business Loan
When Your Bank Won't Make a Business Loan
Study alternative financing sources such as angel investing groups, crowdfunding sites, and microfinance organizations, then prepare to prove you're worth betting on
By Karen E. Klein
On two occasions, I’ve been turned down for a startup loan by my banks. One told me I had to be in business two and a half years to get a loan and the other turned me down because I have a bankruptcy in my past. I have this sincere and all-consuming desire to open my business and make a good income from it. Where can I go for financing? —D.L., San Luis Obispo, Calif.
Small business lending has been tight for the past few years, due to a combination of stricter lending standards embraced during the financial crisis and a downturn in loan demand. Although U.S. commercial lending is on an upward trend this year, startup business funding from banks tends to be nonexistent, even in the best of times.
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Study alternative financing sources such as angel investing groups, crowdfunding sites, and microfinance organizations, then prepare to prove you're worth betting on
By Karen E. Klein
On two occasions, I’ve been turned down for a startup loan by my banks. One told me I had to be in business two and a half years to get a loan and the other turned me down because I have a bankruptcy in my past. I have this sincere and all-consuming desire to open my business and make a good income from it. Where can I go for financing? —D.L., San Luis Obispo, Calif.
Small business lending has been tight for the past few years, due to a combination of stricter lending standards embraced during the financial crisis and a downturn in loan demand. Although U.S. commercial lending is on an upward trend this year, startup business funding from banks tends to be nonexistent, even in the best of times.
Read More ...
Why the Recovery Eludes Small Business
Why the Recovery Eludes Small Business
Rather than limit the fix to stoking consumer demand, policymakers need to boost credit and find new ways to help troubled industries
By Scott Shane
The Federal Reserve Bank of New York recently released a study to explain why employment at small businesses dropped so much more than employment at large companies during the Great Recession. The upshot of the Fed’s analysis: Small employers cut staff so severely because of a drop in consumer demand. I disagree that was the only reason. I think two factors—reduced access to credit and the concentration of small businesses in the worst hit sectors of the economy—play a bigger role than the Fed researchers acknowledge.
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Rather than limit the fix to stoking consumer demand, policymakers need to boost credit and find new ways to help troubled industries
By Scott Shane
The Federal Reserve Bank of New York recently released a study to explain why employment at small businesses dropped so much more than employment at large companies during the Great Recession. The upshot of the Fed’s analysis: Small employers cut staff so severely because of a drop in consumer demand. I disagree that was the only reason. I think two factors—reduced access to credit and the concentration of small businesses in the worst hit sectors of the economy—play a bigger role than the Fed researchers acknowledge.
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