Tag: SMB financing
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Paper or Plastic?
I saw an article in the Wall Street Journal today talking about measures being taken by some banks in the USA to reach out to small business customers. There was a nice anecdote about an enterprising branch manager walking with a customer around the supermarket to discuss his borrowing needs. The same article mentions a…
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What’s the Magic Number? Part 2
This month an online survey of small business financing was conducted by a well known auction site. The results were unflattering to UK banks, however, as pointed out in the article, it may not be as simple as getting banks to lend more. Lending margins (especially for small businesses) seem to have widened (as apparently…
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What’s the Magic Number? Part 1
Small business financing remains a hot topic. The Obama administration passed a small business bill recently, while policymakers in the UK, concerned by lending, held wide consultations on lending to small business. The banks, who have already seen heavy scrutiny on bonuses and expenditure, have also been criticised for the drop in lending. The depth…
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Droughts can lead to new wells
2008’s meltdown reset the financial services industry. It caused chaos worldwide and for a short while, it brought the masters of the financial universe down the earth. More importantly for me, it was my catalyst, moving me from a pattern of waiting for the right time, to acting and creating various windows. Opportunities. With primary…