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Tag: Lending

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Big banks have been temporarily locked out of the small business lending...
Posted On 18/10/2020 08:20:25 by flystly

The Small Business Administration is currently only accepting loans from banks that have assets of $1 billion or fewer.The move may address concerns that small lenders that primarily work with businesses owned by people of color would have to compete with larger banks.Minority-owned banks were already concerned that businesses owned by people of color would miss out on loans because they were going up against big banks.Visit Business Insider's homepage for more stories.To get more news... Read More











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