Government-backed loan schemes like the Paycheck Protection Program (PPP) connected vital capital to small- to medium-sized businesses (SMBs) in need of aid to stay afloat. While helpful, the availability of affordable financing for SMBs is not necessarily typical of a market in which smaller firms...
Community banks are often the familiar faces of the financial services world, and when small businesses seek capital, their neighborhood financial institution can be a promising place to start. While they continue to play an important role in small business financing, the community banking market...
July 13, 2023
For smaller businesses, the lending spigots are tightening — at least at traditional financial services providers, the big banks that now are cautious amid rocky macro trends. And that’s spurring at least some SMBs to consider new financing avenues — including tapping their customer bases for capital. As related by The Wall Street Journal, the drive is […]
