President Obama’s 2nd Term and What It Means to Small Business Owners
January 23, 2013
Fox News Small Business Blogger Rohit Arora does service to projecting out a President Obama 2013 small business agenda.
This is an interesting stat we haven’t seen before.
Rohit writes, “Despite all this, I see encouraging signs for the economy at the beginning of President Obama’s second term. Our most recent Biz2Credit Small Business Lending Index (December 2012) found that big banks are approving nearly 15% of loan request they receive, a significant increase from a year ago when the figure was less than 10%. Small banks and credit unions are granting about half of the applications they receive, and alternative lenders are providing funding to nearly two-thirds of the companies that ask for them.”