Log In / Register | Feb 9, 2012

Access to Credit

Access to credit has been a challenge for many businesses, though others have plenty of cash. Let's review some basic facts about business credit:

Exclusive: Franchising Has a Great Future

Steve Caldeira, CEO of the International Franchise Association

PODCAST —In a little over a week Steve Caldeira will reach his first anniversary as president and CEO of the 51-year-old International Franchise Association. The IFA's mission is to protect, enhance and promote franchising through government lobbying, public relations and educational programs.
9:57 minutes (4.56 MB)

Five Guys Gets $100M in Credit

LORTON, Va. — Five Guys Burgers and Fries received $100 million credit facility from GE Capital, Franchise Finance.

Small Biz Taxpayers to Chase, BofA and Wells Fargo CEOs

Small biz loan broker ask banks, "where's the money?"  photo/new $100 bill

Small business loan broker Ami Kassar writes an open letter to the CEOs of Chase Manhattan, Bank of America and Wells Fargo banks on behalf of small business taxpayers.

$22.5 Million Lending to UPS Store Owners

The franchisees of 4,700 UPS Store and Mail Boxes Etc. locations now have access to funding.

Banks Start Lending Again

Good news for small business owners and the economy! For the first time since this recession began, banks  expand lending.

Small Business Act Explained

On Monday, September 27th, President Obama signed into law the bill known as HR 5297, or the Small Business Jobs and Credit Act.

Obama Pushes Small Biz and Health Care Relief

WASHINGTON, D.C. - President Barack Obama discussed the economy and the condition of small businesses in his first State of the Union address given to a joint session of Congress Wednesday night. “We cut taxes for small businesses,” he declared early on in his speech.

CIT Files Chapter 11 Bankruptcy

After struggling for months to avert bankruptcy, lender CIT Group has filed for Chapter 11 protection in an attempt to restructure its debt while trying to keep badly needed loans flowing to thousands of mid-sized and small businesses.

Obama Asks for SBA Loan Expansion, Franchisees Agree

Pres. Obama discusses using TARP to help give relief to small businesses
Pres. Obama gives speech at a family-owned business in Maryland / youtube