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More Banks Saying Yes

I like good news and like to pass it on whenever i hear it. Good news for small (and medium) businesses! Banks are lending more, more often.

More Banks Saying Yes

A new survey shows smaller businesses are growing more likely to pursue and receive bank loans.

April 22, 2011

An increasing number of small businesses are applying for — and receiving — credit from banks, according to a recent Greenwich Associates survey of companies with annual revenues of between $1 million and $10 million.

About 30% of small businesses applied for a loan in the first quarter of the year, up from 15% in the last quarter of 2010 and 5% the quarter before that, according to the survey. While approval rates fluctuated from quarter to quarter, on average about 60% of the small businesses surveyed got the credit they sought between March 2010 and March 2011.

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About Tiffany C. Wright

Hi! I,Tiffany C. Wright, am the author of the ebook, "Help! I Need Money for My Business Now!!" and the book "Solving the Capital Equation: Financing Solutions for Small Businesses", available on Amazon. I am the president of Toca Family Business Services, a short-term & project-based interim management & strategic and financial advisory firm, located in Atlanta, Georgia. In the past five years I've helped small and medium companies restructure and obtain over $31 Million in financing and a similar amount in purchase orders and contracts. I have an MBA in Finance and Entrepreneurial Management from the Wharton School of Business at the University of Pennsylvania and a B.S. in Industrial and Systems Engineering from The Ohio State University. Personal: I enjoy investing. I am a prodigious reader of everything from business books, magazines, and newspapers to horror and popular fiction. I read 4-6 books per month. I also love to travel. I've been to 33 countries on 5 continents and lived in Japan for 2.5 years and aim for a foreign locale twice a year. I am also an athlete and run track on the Master's Circuit. The highlight was placing 7th in my age group in the 2007 World Master's Track and Field Championships in Italy.

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The Resourceful CEO, Tiffany C. Wright

the president of Toca Family Business Services, a strategic and financial advisory firm which provides short-term & project-based C-level management. She is the author of Solving the Financial Equation: Financing Solutions for Small Businesses, available on Amazon.

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