Increased optimism among small businesses about the U.S. economy is carrying over to their banking relationships.Falling inflation, a friendlier Federal Reserve and diminishing concerns about a recession have elevated small business owners’ and...
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February 21, 2024, 07:15 AM
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Total bankruptcy filings were 36,607 in January 2024, a 17 percent increase from the January 2023 total of 31,176, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data. January marks 18 consecutive months...
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February 05, 2024, 07:14 AM
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Small business loan approval percentages at big banks ($10 billion+ in assets) fell again, dropping from 13.2% in August to 13.1% in September, according to the latest Biz2Credit Small Business Lending Index released today. Big bank lending to small...
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October 11, 2023, 06:30 AM
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There were 330 commercial chapter 11 filings registered in May 2022, an increase of 34 percent from the 246 filings in May 2021, according to data provided by Epiq Bankruptcy, a provider of U.S. bankruptcy filing data. Overall commercial filings...
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June 06, 2022, 07:07 AM
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A majority of small business owners report that inflation and supply chain disruptions are impacting their businesses, according to the Bank of America 2022 Small Business Owner Report. The survey of more than 1,000 business owners across the...
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May 05, 2022, 07:00 AM
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During National Small Business Week, May 1-7, 2022, the Equipment Leasing and Finance Association (ELFA) is highlighting key reasons for small businesses to rely on leasing and financing to acquire equipment. Most small businesses need equipment in...
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April 29, 2022, 07:25 AM
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The total 36,049 bankruptcy filings for March represented a 34 percent increase over the 26,993 filings during the previous month of February, according to data provided by Epiq Bankruptcy. Similarly, the 34,244 total noncommercial filings for March...
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April 06, 2022, 07:01 AM
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The NFIB Small Business Optimism Index decreased one point in September to 99.1. Three of the 10 Index components improved, five declined and two were unchanged.“Small business owners are doing their best to meet the needs of customers, but are...
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October 15, 2021, 07:13 AM
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Fifty-one percent (seasonally adjusted) of small business owners reported job openings they could not fill in the current period, up one point from August and a record-high reading for the second consecutive month, according to NFIB’s monthly jobs...
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October 11, 2021, 07:04 AM
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Pitney Bowes Inc. announced business banking veteran Tom Doherty has been appointed Vice President, Lending Services and Products. He joins Pitney Bowes from CIBC Bank USA where he served as Managing Director and Head of Business Banking. In this...
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October 08, 2021, 07:21 AM
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According to NFIB’s monthly jobs report, 46 percent of small business owners reported job openings they could not fill in the current period, down two points from May but still above the 48-year historical average of 22 percent. Small business owners...
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July 09, 2021, 07:00 AM
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Amur Equipment Finance, Inc. introduced Wildcat, a specialized finance program to provide market-leading terms to qualifying customers. Through Wildcat, Amur will provide rates as low as 3.99 percent, with terms up to 72 months to ensure its vendor...
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June 23, 2021, 07:20 AM
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United Capital Source Inc. announced it has surpassed $1 billion in transaction volume. It has matched more than 1 billion dollars to businesses across the United States since inception in 2011.Because of its efficient sales, marketing and management...
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June 11, 2021, 07:21 AM
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The CBIZ Small Business Employment Index (SBEI) reported a seasonally adjusted gain of 3.57 percent for April. The remarkable gain in the reading highlights the quickened pace of hiring efforts as small businesses engage in increased economic...
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May 12, 2021, 07:05 AM
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Comerica Bank will commit $5 billion to small business lending over the next three years (2021-2023). Additionally, Comerica will expand RISE!, a program designed to support small businesses with a multitude of resources, as well as financial...
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May 06, 2021, 07:10 AM
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Small business owners (SBOs) report they are doing better than expected as the economy continues to gain steam amid the waning pandemic, according to the results of the 2021 Small Business Survey, released by TD Bank. The survey polled more than 750...
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May 04, 2021, 07:00 AM
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Balboa Capital, a direct lender that specializes in small business loans and equipment financing, announced the results of its Q2 2021 Small Business Owner Survey, which was conducted to gauge small business owner confidence, measure the strength of...
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April 30, 2021, 07:19 AM
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In a year filled with unforeseen and unparalleled challenges, small and midsize U.S. business leaders are showing resilience by remaining nimble, accelerating digital adoption and using lessons learned to plan for continued economic uncertainty...
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January 06, 2021, 07:20 AM
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The NFIB Research Center released the latest quarterly Small Business Economic Trends Industry-specific survey. The survey highlights the construction, manufacturing, retail and services industries. NFIB released previous reports in August and May...
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November 23, 2020, 07:20 AM
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Leaseurope, the trade federation representing leasing and automotive rental at European level, has called on the International Accounting Standards Board (IASB) to “Think Small First” before extending new lease accounting rules to its IFRS for SMEs...
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October 29, 2020, 07:25 AM
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The NFIB Optimism Index rose 3.8 points to 104.0 in September, a historically high reading. Nine of the 10 Index components improved and one declined. The NFIB Uncertainty Index increased 2 points to 92, up from 75 in April.“As parts of the country...
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October 20, 2020, 07:22 AM
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The NFIB Optimism Index increased 1.4 points in August to 100.2, a reading slightly above the historical 46-year average. Seven of the 10 Index components improved, two declined and one was unchanged. The NFIB Uncertainty Index increased two points...
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September 15, 2020, 07:15 AM
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NFIB’s Small Business Optimism Index fell 1.8 points to 98.8 in July, near the survey’s historical average. Overall, 4 of the 10 Index components improved, 5 declined, and 1 was unchanged. The NFIB Uncertainty Index increased 7 points to 88. Reports...
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August 11, 2020, 07:14 AM
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The latest Paychex | IHS Markit Small Business Employment Watch shows that employment growth moderated as new COVID-19 hot spots emerged in the South and West regions of the U.S. The national jobs index slipped 0.24 percent in July to 94.59. Hourly...
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August 10, 2020, 07:15 AM
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The NFIB Research Center released a survey on the state of small business and the Paycheck Protection Program (PPP). The PPP loan application is set to close on Aug. 8 after Congress extended the deadline to allow more small business owners to...
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August 03, 2020, 07:25 AM
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Enova International and OnDeck®, announced that they have entered into a definitive agreement under which Enova will acquire all outstanding shares of OnDeck in a cash and stock transaction valued at approximately $90 million. The implied price of $1...
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July 29, 2020, 07:20 AM
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Balboa Capital surveyed business owners to find out how many companies switched to remote work models due to the COVID-19 pandemic, and to see how effective the results have been. The survey, which was sent to a sample of small business owners in a...
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July 27, 2020, 07:10 AM
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The Small Business Optimism Index increased 6.2 points in June to 100.6 with eight of the 10 components improving and two declining. Owners anticipate improving sales as the economy continues to re-open with sales expectations rebounding to a net 13...
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July 20, 2020, 07:20 AM
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The NFIB Small Business Optimism Index fell 8.1 points in March to 96.4, the largest monthly decline in the survey’s history. Nine of the 10 Index components declined, which is evidence that economic disruptions are escalating on Main Street as small...
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April 13, 2020, 07:15 AM
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The NFIB Research Center’s new survey on the current impact of the coronavirus outbreak on small business found that while most small businesses are not currently impacted, owners are concerned about future disruptions if the outbreak continues to...
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March 17, 2020, 07:18 AM
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Fifth Third Bank, National Association, announced it is partnering with Fundation to make it easier for small business owners to apply for loans and lines of credit. The bank announced Fifth Third Fast Capital will offer a simple application and, in...
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February 24, 2020, 07:20 AM
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The NFIB small business Optimism Index started the New Year in the top 10 percent of all readings in the 46-year history of the survey, rising 1.6 points to 104.3 in the month of January. Six of the 10 Index components improved, two declined and two...
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February 14, 2020, 07:05 AM
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OneWest Bank, CIT's Southern California branch network, today announced the launch of a new small business mobile app, a new platform to help small business customers seamlessly reach their financial goals.The OneWest Bank business app empowers small...
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February 04, 2020, 07:05 AM
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Most small and midsize U.S. business leaders expect continued growth for their companies this year amid a less robust economic environment, according to the annual JPMorgan Chase Business Leaders Outlook survey.Three out of four businesses – 76...
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January 13, 2020, 07:19 AM
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Balboa Capital conducted its annual Section 179 tax deduction survey to assess small business owners’ knowledge and usage of this Internal Revenue Code. The survey results reveal that a substantial majority of small business owners, 83 percent, plan...
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December 12, 2019, 07:15 AM
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Small business executives reveal their top priorities for investment and growth in a new survey conducted by The Harris Poll and sponsored by CIT Group Inc. that explores the intersection of technology and talent in driving business success. More...
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November 19, 2019, 07:00 AM
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GoDaddy Inc. announced its strategic partnership with Kabbage, Inc., a data and technology company providing small businesses cash flow solutions. Kabbage's online lending platform is now available to GoDaddy's U.S. customers so they can easily...
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November 05, 2019, 07:22 AM
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Investors Bancorp announced that its banking subsidiary Investors Bank formed an alliance with ODX, a leading digital small business originations platform and a subsidiary of On Deck Capital, Inc. Investors Bank will deploy ODX's digital loan...
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October 21, 2019, 07:15 AM
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The NFIB Small Business Optimism Index fell 1.6 points to 103.1, remaining within the top 15 percent of readings. Overall, August was a good month for small business. However, optimism slipped because fewer owners said they expect better business...
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September 12, 2019, 07:16 AM
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Coast Capital Savings, Canada's largest credit union by membership, and OnDeck Canada, announced an innovative partnership aimed at accelerating online lending to Coast Capital small business members. Beginning this month, Coast Capital small...
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July 11, 2019, 07:12 AM
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Small business optimism eclipsed pre-shutdown levels, increasing 1.5 points to 105.0 in May. Six components in the Small Business Optimism Index improved, three were unchanged and one dipped. Capital spending plans increased along with actual outlays...
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June 17, 2019, 07:25 AM
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Byline Bancorp, Inc., the parent company of Byline Bank, announced Bruce Lammers, Executive Vice President of Byline Bank and President for the Byline Small Business Capital team, will retire May 28, 2019, bringing an end to a long career in...
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May 20, 2019, 07:10 AM
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Optimism among small business owners continued its steady climb in April, with the NFIB Small Business Optimism Index increasing 1.7 points to 103.5. Sales improved in April, the inventory soft spot seen in last month’s report rebounded, and profit...
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May 14, 2019, 07:10 AM
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Optimism among small business owners is strong, according to the latest quarterly Wells Fargo/Gallup Small Business Index conducted April 1-5. The survey also revealed that over half of business owners reported little impact to their tax situation...
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May 10, 2019, 07:25 AM
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U.S. entrepreneurs continue to project a strong business outlook this spring even as confidence in the national and local economy weakened, according to the spring 2019 Bank of America Business Advantage Small Business Owner Report. Health care costs...
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May 06, 2019, 07:30 AM
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Invoice2go and Square Capital announced a partnership that gives Invoice2go customers in the United States a fast, seamless way to access the funding they need to grow their business – from right inside their Invoice2go mobile app. This partnership...
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April 22, 2019, 07:15 AM
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Maxim Commercial Capital announced it provided hard-asset secured financing to 160 small and mid-sized businesses (SMBs) during the first quarter of 2019. Maxim lends $10,000 to $3 million to SMBs secured by heavy equipment and real estate, and is a...
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April 10, 2019, 07:25 AM
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The NFIB Small Business Optimism Index improved modestly in February, increasing 0.5 points to 101.7. Views about future business conditions and the current period as a good time to expand improved as did plans to make capital outlays.Earnings trends...
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March 18, 2019, 07:10 AM
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The Bancorp, Inc. announced key additions to the company’s executive leadership team. The following individuals have distinguished themselves as leaders and significant contributors to the company and join other named Executive Officers and Managing...
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March 12, 2019, 07:20 AM
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As trade continues to be a focus in the current policy debate, 37 percent of small business owners are reporting negative impacts of recent trade policy changes with Mexico, Canada, or China. The newly released data comes from the NFIB Research...
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March 01, 2019, 07:30 AM
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OnDeck announced the hiring of three senior financial services executives as members of its management teams in Risk, Partnerships and Marketing.The new executives are: RiskChris McCall has joined OnDeck as Head of Acquisition Risk Management with...
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February 15, 2019, 07:30 AM
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Small business owners indicated declining optimism in the latest quarterly Wells Fargo/Gallup Small Business Index, with an overall Index score of 106. That marks the seventh consecutive quarter in which the score has topped 100, although it is 23...
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February 08, 2019, 07:05 AM
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A survey by QuickBridge states 83 percent of business owners expect their business sales to increase over the next year. The Q4 survey data assessed small business owners' expectations for business growth and the U.S. economy in 2019.Highlights from...
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January 18, 2019, 06:50 AM
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Small business owners ranked Huntington Bank highest in overall customer satisfaction in the Midwest region according to the 2018 J.D. Power U.S. Small Business Banking Satisfaction Study. Huntington, which tops the list for the second time in the...
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December 19, 2018, 07:10 AM
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Small business optimism posted a modest decline in November with a reading of 104.8, while continuing its exceptionally strong two-year trend, according to the NFIB Small Business Optimism Index. Slightly more than half of the decline was...
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December 18, 2018, 07:00 AM
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Balboa Capital conducted its annual Section 179 Tax Deduction survey to assess small business owners’ knowledge and usage of this IRS tax code. The survey results reveal that an overwhelming majority of small business owners, 80 percent, plan to use...
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November 28, 2018, 07:19 AM
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Small business optimism continued its two-year streak of record highs, according to the NFIB Small Business Optimism Index October reading of 107.4. Overall, small businesses continue to support the three percent-plus growth of the economy and add...
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November 19, 2018, 06:55 AM
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Despite widespread economic and business optimism among small business owners, many are feeling underappreciated by their banks. According to the J.D. Power 2018 U.S. Small Business Banking Satisfaction Study, just 37 percent of small business...
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November 01, 2018, 07:11 AM
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Small business owners are continuing to hire and create new jobs at historically high levels, according to the National Federation of Independent Business (NFIB) monthly Jobs Report. Sixty-three percent of owners reported hiring or trying to hire, up...
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July 09, 2018, 07:10 AM
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Small business lending expanded robustly in January, according to the latest Strategic Insights Report from PayNet. The Thomson Reuters / PayNet Small Business Lending Index (SBLI) increased to 143.6 in January, nearing the all-time high reached in...
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March 07, 2018, 07:14 AM
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Nearly three-quarters (73 percent) of business brokers and advisors surveyed predict the volume of small businesses sold (under $50MM) will increase in the next 12 months according to the Q4 2017 Market Pulse Report published by the International...
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February 26, 2018, 07:14 AM
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Amazon has reportedly teamed up with Bank of America Merrill Lynch to provide business loans, according to multiple news reports. Amazon's small business lending arm - Amazon Lending - launched in 2011 and provides loans of $1,000-$750,000 with terms...
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February 20, 2018, 07:15 AM
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The Small Business Optimism Index jumped two points to 106.9 in January and set a record with the number of small business owners saying Now Is a Good Time to Expand, according to NFIB’s Small Business Economic Trends Survey.“Main Street is roaring,”...
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February 14, 2018, 07:10 AM
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Small business investment continued to register gains at the end of 2017 as delinquencies and defaults remained at low levels according to the latest small business credit trends from PayNet, the leading provider of small business credit data and...
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February 06, 2018, 07:00 AM
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Bank lending to small businesses, a major contributor to local economies and job creation around the country, is still depressed several years after the end of the U.S. financial crisis that started in 2008, according to a new study by faculty at...
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January 24, 2018, 07:20 AM
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Small businesses (Since PCA began in 2012, expectations for overall business performance improvement in the upcoming year are at a record high. Eighty-four percent of both small and mid-sized businesses ($5M - $100M in revenue) owners expect their...
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December 21, 2017, 07:19 AM
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Balboa Capital announced the results of its Section 179 Tax Deduction Survey that was conducted to gauge small business owners’ familiarity and usage of this IRS tax code. The survey results show that 7 out of 10 small business owners plan to use...
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December 13, 2017, 07:10 AM
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Small business job creation plans reached an all-time high in November, shattering the previous record for the National Federation of Independent Business (NFIB) monthly Jobs Report.“We have never seen this kind of intensity around job creation in...
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December 12, 2017, 07:05 AM
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The National Federation of Independent Business (NFIB) issued the following statement on behalf of President and CEO Juanita Duggan in response to the Senate’s passage of the Tax Cuts and Jobs Act:“We are pleased to see the Senate pass the Tax Cuts...
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December 04, 2017, 07:17 AM
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Independent Community Bankers of America® (ICBA) President and CEO Camden R. Fine released the following statement on the Senate's passage of the pro-growth Tax Cuts and Jobs Act (H.R. 1).“With the Senate’s passage of its tax reform bill, ICBA and...
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December 04, 2017, 07:15 AM
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Small business optimism continues to rise as a majority of business owners are reporting increased sales and improved business conditions since earlier this year. Capital One's latest Small Business Growth Index, which polled 500 small business...
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November 13, 2017, 07:02 AM
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Small business monthly credit trends reflect a wait and see attitude. The September 2017 Thomson Reuters/PayNet Small Business Lending Index (SBLI) decreased 4% to 127.3 from 133.2 in August 2017. Compared to September 2016, the SBLI decreased...
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November 08, 2017, 07:08 AM
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The core of the U.S. small business sector is solid, with many entrepreneurs expressing confidence that they will generate higher year-end revenues compared to 2016, and that the 2018 economy will improve. According to the fall 2017 Bank of America...
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November 08, 2017, 07:00 AM
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Following the largest increase in a decade, small business optimism held steady in the fourth quarter, according to the latest Wells Fargo/Gallup Small Business Index, conducted October 2–6. In the quarterly survey, which measures the optimism of...
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November 06, 2017, 07:09 AM
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OnDeck announced agreements with Ingo Money and Visa to enable real-time funding of loans to small businesses via their debit cards, powered by Visa Direct. OnDeck will be the first company in the online lending industry to offer real-time access to...
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October 31, 2017, 06:54 AM
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Balboa Capital released the results of its Q4 survey that was conducted to gauge business owner optimism. The survey results reveal that business owners are confident that the economy and their companies will perform well during the final months of...
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October 25, 2017, 07:20 AM
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KeyBank announced it ranked ninth in the nation for the Small Business Administration's (SBA) FY 2017. It extended $318 million in approved dollars over the course of the year, representing a 43 percent jump in dollar volume from 2016 levels, more...
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October 12, 2017, 07:06 AM
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The July 2017 Thomson Reuters/PayNet Small Business Lending Index (SBLI) decreased 11% to 123.8 from 139.1 in June 2017. Compared to July 2016, the Index increased 1%.Industrial sectors showed sluggish activity with 11 of 18 industry sectors showing...
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September 08, 2017, 07:10 AM
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Small business startups are twice as likely to be adding jobs and growing revenues than mature small employer firms, but due to higher credit risk are more likely to face financial shortfalls.
That's according to The Federal Reserve Bank of New York...
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August 15, 2017, 08:00 AM
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Small business optimism continues to climb in the third quarter as business owners said they are the most optimistic in more than a decade, according to findings from the Wells Fargo/Gallup Small Business Index, conducted July 10–14. In the quarterly...
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August 03, 2017, 07:10 AM
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Balboa Capital announced the results of their Q2 Small Business Confidence Survey. The survey, which was sent to more than 300,000 small business owners nationwide, was conducted to assess small business owners’ confidence in the US economy, as well...
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August 03, 2017, 06:24 AM
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The May 2017 Thomson Reuters/PayNet Small Business Lending Index (SBLI) increased to 137.0, up 9% from 125.4 in April 2017. Compared to May 2016, the SBLI is up 3% and it is at the highest level since June 2016.“Expansion by small businesses in May...
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July 11, 2017, 07:00 AM
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PayNet reports the PayNet Canadian Small Business Lending Index (CSBLI) increased for the third straight month to 120.1 in April 2017 from 118.7 in March 2017. Compared to March 2016 the CSBLI is up 1%. “This release was a shocker ” states William...
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June 16, 2017, 07:00 AM
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Lendio announced a pilot agreement with Comcast Business designed to provide its small business customers with quick and easy access to capital. Through the collaboration, Comcast Business customers will have more streamlined access to Lendio’s...
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June 14, 2017, 07:19 AM
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Wells Fargo announced that Andrew Rowe has been selected as head of Wells Fargo’s Community Banking Customer Segments team, to join Wells Fargo in September. In the newly created role, Rowe will lead the company’s efforts focused on meeting the needs...
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June 14, 2017, 07:14 AM
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RapidAdvance announced a new partnership with iPayment, Inc. Under terms of the agreement, iPayment will offer RapidAdvance's business lending solutions and alternative financing programs to its more than 140,000 merchant customers."We are excited...
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June 14, 2017, 07:10 AM
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PayNet and Mirador announce an advanced integration of technology services for a mutual bank customer. This enhancement provides access to new predictive data and risk management tools that improve credit decisions and operational efficiencies in the...
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June 13, 2017, 07:09 AM
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The April 2017 Thomson Reuters/PayNet Small Business Lending Index (SBLI) dropped to 123.1, down 8% percent from 133.7 in March 2017. Compared to April 2016, the SBLI is down 5% which is the third consecutive year-over-year decline. “This report was...
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June 02, 2017, 09:09 AM
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The inaugural MetLife & U.S. Chamber of Commerce Small Business Index (Index), found that nearly two-thirds of small business owners are expecting revenue growth and looking to hire despite harboring concerns about the health of the national economy....
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May 30, 2017, 07:30 AM
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LexisNexis® Risk Solutions has identified a growing trend among lenders that serve small businesses—namely, the difficulty of tracking changes in the status of their risk profile. A suite of products, including Small Business Monitoring, assists...
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May 12, 2017, 07:02 AM
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Navitas Credit Corp. announced the launch of www.navitaslending.com, designed to meet the diverse financing needs of the small to mid-size business sector.Navitaslending.com provides a single destination for business owners to access the best...
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May 10, 2017, 07:05 AM
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The March 2017 release of the Thomson Reuters/PayNet Small Business Lending Index (SBLI) continues to show small businesses cool towards real expansion as the Index increased just 4% to 134.0 from 128.9 in February 2017. The SBLI is down 1% from...
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May 05, 2017, 07:03 AM
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Business owners are more optimistic than any time in the eight year history of the U.S. Bank Small Business Annual Survey. Times are good and they're getting better, although there are still challenges ahead, according to the survey. Owners are...
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May 02, 2017, 08:12 AM
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More than 100 community bankers and staff from the Independent Community Bankers of America® (ICBA) on May 1, 2017 met with President Donald Trump and other top administration officials at the White House as part of the 2017 ICBA Capital Summit. In...
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May 02, 2017, 07:18 AM
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Fifth Third Bank announced an investment and expanded partnership with the Accion U.S. Network - the largest network of nonprofit small business lenders in the United States - to support lending to underserved small businesses in Florida, Indiana...
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April 14, 2017, 07:04 AM
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The 12 Federal Reserve Banks issued the 2016 Small Business Credit Survey: Report on Employer Firms, which examines the results of an annual survey of business conditions and the credit environment faced by small business owners who have full- or...
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April 12, 2017, 07:08 AM
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The results of a recent online survey conducted by Balboa Capital reveal small business owners are concerned about their ability to drive profits and secure growth capital, but are otherwise feeling optimistic about the future of their companies and...
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April 06, 2017, 06:38 AM
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PayNet conducted a recent study to project bank lending hot spots in 2017. According to the report, loan risk premiums should move up overall to reflect the higher projected default rates of 2.1% in 2017. PayNet’s data shows 2017 lending strategy...
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March 28, 2017, 07:05 AM
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Small business owners are the most optimistic they have been since the start of the Great Recession, according to the latest findings from the Wells Fargo/Gallup Small Business Index, conducted Feb. 6-10.In the quarterly small business survey, which...
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March 14, 2017, 07:21 AM
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The January 2017 data release of the Thomson Reuters/PayNet Small Business Lending Index (SBLI) rose a solid 4% in January over the same time last year. The 8% fall in the Index versus December reflects the seasonality of small business investment...
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March 01, 2017, 07:05 AM
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An online survey conducted by Balboa Capital revealed that 9 in 10 small business owners prepared for the 2017 tax season early. 40% of small business owners surveyed expect to receive a business tax refund and, among them, 83% plan on putting it...
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February 24, 2017, 07:00 AM
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As the national economy continues to grow, demand is on the rise for loans and financial services to support small business development. In response to this need, TD Bank, America's Most Convenient Bank®, is significantly expanding its small business...
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February 15, 2017, 07:14 AM
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Wave, a leading provider of financial services and software for small businesses, and OnDeck® announced a partnership in which Wave will offer OnDeck business loans and lines of credit to its customer base. The new offering, "Lending by Wave," will...
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February 13, 2017, 07:00 AM
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In an effort to increase understanding of the credit process for small businesses, Wells Fargo announced the launch of the Wells Fargo Works for Small Business® Business Credit Center, a new holistic resource that provides tools to help empower small...
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February 08, 2017, 07:00 AM
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Reuters reported that Citigroup has launched a website to make small business loans of up to $1 million. According ot the Reuters report, Citigroup's entrance into online lending comes after similar moves by several other banks including JPMorgan...
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January 30, 2017, 07:11 AM
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Ascentium Capital was announced as a finalist in the Top Small Business Lending Platform category by LendIt, the world’s largest show in lending and FinTech. Finalists included companies that demonstrate a combination of loan performance, volume...
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January 20, 2017, 07:15 AM
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Financial research firm Greenwich Associates recently named Huntington one of the top banks for businesses nationally with the presentation of Greenwich Best Brand Awards for ease of doing business with middle-market companies and small businesses...
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January 13, 2017, 07:16 AM
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Balboa Capital announced the results of its Section 179 Tax Deduction survey, which was conducted to gauge small business owners’ understanding and usage of this IRS tax code, as well as their capital equipment investing plans for 2017. The survey...
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January 12, 2017, 07:12 AM
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The November 2016 data release of the Thomson Reuters/PayNet Small Business Lending Index (SBLI) increased 8% to 129.9 in November 2016 from 119.8 in October 2016. Compared to November 2015, the index is up 2%, the first year-over-year increase since...
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January 04, 2017, 07:02 AM
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Bizfi, the premier fintech company with a platform that combines aggregation, funding and a marketplace on a single platform for small businesses, announced that it has surpassed $2 billion in financing – through both growth and working capital – to...
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December 23, 2016, 07:15 AM
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Citizens Bank announced that it will offer digital lending capabilities to small business customers through a collaboration with Fundation Group LLC, a leading digitally-enabled lender and credit solutions provider to regional and community banks....
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December 21, 2016, 07:20 AM
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Balboa Capital announced the results of its Q3 2016 Small Business Owner Survey, which was conducted to gain a better understanding of recent small business performance and small business owner expectations for the final weeks of 2016. The survey...
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December 13, 2016, 07:10 AM
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Small business owners are the most optimistic they have been since January 2008, according to the latest Wells Fargo/Gallup Small Business Index, conducted Nov. 11-17. In the quarterly small business survey, which measures the optimism of small...
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December 09, 2016, 07:15 AM
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The first Worldwide Semiannual Small and Medium Business Spending Guide from International Data Corporation (IDC) forecasts small and medium businesses (SMBs – businesses with less than 1,000 employees) will spend $564 billion on IT hardware...
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November 29, 2016, 07:00 AM
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Bizfi announced they have originated more than $127 million in financing in the third quarter of 2016. The top sectors seeking financing through the Bizfi marketplace include manufacturing, retail, business-to-consumer (B2C) services (i.e. daycare...
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November 23, 2016, 06:08 AM
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The September 2016 data release of the Thomson Reuters/PayNet Small Business Lending Index (SBLI), which is a leading economic indicator of GDP, decreased to 128.9 in September from 132.8 in August. Compared to the September 2015, the SBLI is down 7%...
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November 03, 2016, 07:10 AM
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Merchant Advance Capital, a leading Canadian online lender announced its expansion into equipment leasing, a natural progression for one of Canada's largest business loan providers.This is the first time an alternative lender has offered equipment...
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October 24, 2016, 07:10 AM
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PayNet, the premier provider of credit assessments on private companies reports the PayNet Canadian Small Business Lending Index (CSBLI) increased 4% to 123.2 in August 2016 from 118.8 in July 2016. That is the largest increase in the Index since...
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October 19, 2016, 07:05 AM
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Owners of small and mid-sized businesses are upbeat about the U.S. economy amid steady expectations for their sales and hiring during the next six months, according to the latest PNC Economic Outlook Survey findings. The fall findings of PNC's...
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October 11, 2016, 07:00 AM
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The August 2016 data release of the Thomson Reuters/PayNet Small Business Lending Index (SBLI), which is a leading economic indicator of GDP, increased to 133.7 in August from 123.1 in July.This is the largest monthly increase in the SBLI since...
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October 04, 2016, 07:02 AM
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PayNet, the premier provider of risk management solutions and market insight to Canadian commercial lenders, reports the PayNet Canadian Small Business Lending Index (CSBLI) increased slightly from 118.4 in June 2016 to 118.7 in July 2016. Compared...
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September 22, 2016, 07:05 AM
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U.S. economic growth has long been dependent on the health of America’s 28 million small businesses. According to a new survey, these businesses are gearing up for growth by investing financially in their businesses. The Small Business Growth Survey...
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September 13, 2016, 07:22 AM
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The July 2016 data release of the Thomson Reuters/PayNet Small Business Lending Index (SBLI), which is a leading economic indicator of GDP, decreased to 121.5 in July from 139.2 in June. Compared to the same month one year ago, the SBLI is down 16%...
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September 01, 2016, 07:03 AM
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Viewpost announced an unprecedented initiative to transform the way small businesses view and manage their cash flow. Currently, small businesses are struggling with the real-time demands of a digital economy while being forced to rely on antiquated...
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August 30, 2016, 06:59 AM
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Balboa Capital released the results of its Q2 2016 small business owner survey, and they indicate that while fewer SBOs reported revenue increases, many of them are feeling optimistic about their companies. The online survey, which was sent to a...
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August 18, 2016, 07:12 AM
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Bizfi announced an increase of 25 percent in year-over-year small business lending originations in the second quarter of 2016. This totals in excess of $144 million, compared to $116 million in Q2 2015. The company either directly originated...
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August 17, 2016, 07:05 AM
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PayNet reports that the PayNet Canadian Small Business Lending Index (CSBLI) decreased 3% to 113.9 in June 2016 from 117.7 in May 2016. Compared to June 2015, the Index is down 16%. “Canadian businesses are clearly feeling pressure from the economic...
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August 17, 2016, 07:03 AM
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The June 2016 data release of the Thomson Reuters/PayNet Small Business Lending Index (SBLI), which is a leading economic indicator of GDP, increased to 138.9 in June from 131.1 in May. Although this illustrates the largest monthly increase in the...
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August 04, 2016, 07:07 AM
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On the heels of a successful first year since acquiring one of the nation’s largest providers of Small Business Administration loans, BankUnited Small Business Finance announced it has expanded into Washington, Ohio and Wisconsin, while also...
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July 18, 2016, 07:00 AM
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Currently, there is a debate beginning to emerge in Washington, in Springfield, in Albany, and in other government centers about what sources of funding small businesses should be allowed to access. In a world in which small business credit through...
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July 12, 2016, 07:00 AM
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Fora Financial, a provider of flexible working capital solutions to small businesses, announced that it has reached the milestone of providing over $500 million of working capital to over 10,000 customers across the country. This landmark achievement...
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July 05, 2016, 07:15 AM
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The May 2016 data release of the Thomson Reuters/PayNet Small Business Lending Index (SBLI), which is a leading economic indicator of GDP, decreased in May 2016 for the third consecutive month to 128.6 from 129.5 in April 2016, a 1% decline. Compared...
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July 01, 2016, 07:00 AM
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PayNet reports the PayNet Canadian Small Business Lending Index (CSBLI) decreased 3% from 121.7 in March 2016 to 117.5 in April 2016. Compared to April 2015, the Index is down 12% and is at the lowest point in the Index since February 2013. “This...
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June 15, 2016, 06:56 AM
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Small business owners feeling the pressure of commercial mortgage debt and facing the specter of rising interest rates can get relief starting June 24 when a new refinance program is launched by the Small Business Administration (SBA) and provided by...
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May 27, 2016, 07:12 AM
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The March 2016 data release of the Thomson Reuters/PayNet Small Business Lending Index (SBLI), which is a leading economic indicator of GDP, decreased from 138.9 in February 2016 to 135.3 in March 2016. Compared to the same month one year ago, the...
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May 04, 2016, 07:00 AM
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PayNet announces Risk Insight Suite®, a new interactive platform, providing instant access to credit performance data and industry analysis on the small business sector of the Canadian economy at www.sbinsights.ca.
Private businesses are a key...
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April 27, 2016, 07:23 AM
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PayNet reports that the PayNet Canadian Small Business Lending Index (CSBLI) shows that originations decreased 3% from 127.0 in January 2016 to 123.5 in February 2016. Compared to the same month one year ago, the Index is down 6%. “This report shows...
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April 19, 2016, 07:00 AM
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Higher revenues, greater confidence in the economy, and forward-thinking investment plans highlight results of nationwide small business owner survey conducted by leading independent financing company. An overwhelming majority of small business...
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April 14, 2016, 07:03 AM
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PayNet, the premier provider of risk management solutions and market insight to the Canadian Commercial Finance Industry, reports that the PayNet Canadian Small Business Lending Index (CSBLI) shows originations decreased 1% from 131.1 in December...
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March 15, 2016, 07:00 AM
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Venture funding in the U.S. fintech sector jumped 72% in 2015, hitting a record $7.39 billion - up dramatically from $4.3 billion in 2014. The banner year was highlighted by newly minted Unicorns and increased involvement by financial services giants...
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March 14, 2016, 07:10 AM
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Lendio and the Small Business & Entrepreneurship Council (SBE Council), a leading advocacy and education organization dedicated to promoting entrepreneurship and strong small business growth, announced a partnership designed to support the funding...
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March 14, 2016, 06:57 AM
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The January 2016 data release of the Thomson Reuters/PayNet Small Business Lending Index (SBLI), which is a leading economic indicator of GDP, registered 118.2, 13% lower than the revised December value of 135. Compared to one year ago, the index...
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March 01, 2016, 07:15 AM
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Small business owners expressed a level of optimism not seen in a year in the latest Wells Fargo/Gallup Small Business Index, conducted January 11-15, as the Index’s overall score rose to 67, a 13-point gain from November’s survey. The quarterly...
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February 16, 2016, 07:17 AM
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Mainspring Funding, a national distribution platform for investors and a lending connection source for small business borrowers, has released its newly enhanced platform, www.mainspringfunding.com, designed to give borrowers and qualified investors...
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February 11, 2016, 07:05 AM
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PayNet, the leader in small business credit assessment, announces the PayNet Small Business Default Index (SBDFI), an economic indicator designed to gauge small business defaults and signal insolvency across multiple sectors of the economy at the...
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February 09, 2016, 07:14 AM
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Bizfi announced that Metropolitan Equity Partners (“Metropolitan”) has provided a structured financing facility of $65 million to the company to drive growth. Closing this financing round enables Bizfi to:
Expand its suite of funding programs...
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December 16, 2015, 07:16 AM
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PayNet, the premier provider of risk management solutions and market insight to the Canadian Commercial Finance Industry reports that the PayNet Canadian Small Business Lending Index (CSBLI) shows originations increasing to 140.8 in October 2015 from...
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December 15, 2015, 07:04 AM
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1st Source Bank has been awarded the Small Business Administration’s Community Lender Award for the third year in a row. The award recognizes 1st Source’s commitment to providing financial assistance to Indiana businesses. 1st Source was honored for...
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December 11, 2015, 07:02 AM
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A survey conducted by Balboa Capital reveals that small business owners had an encouraging third quarter and are feeling more optimistic about the US economy. The survey was sent to a sample of small business owners nationwide in October 2015, the...
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December 09, 2015, 07:03 AM
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The October 2015 data release of the Thomson Reuters/PayNet Small Business Lending Index (SBLI), which is a leading economic indicator of GDP, decreased 5% to 131.7 compared to September while the September value had been restated from 140.4 to 137.9...
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December 02, 2015, 07:00 AM
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Accord Financial Corp. announced the launch of AccordAccess, a unique online lending program aimed at financing growth for small and medium-sized businesses across Canada. AccordAccess is a fast, flexible working capital solution that provides...
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November 25, 2015, 07:05 AM
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The September 2015 data release of the Thomson Reuters/PayNet Small Business Lending Index (SBLI), which is a leading economic indicator of GDP, increased 4% to 140.4 compared to the prior month. The August value had been restated from 136.1 to...
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November 03, 2015, 06:58 AM
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One in four of U.S. small businesses and mid-sized companies are obtaining credit from non-bank providers, and—in a finding sure to catch the attention of bank executives—nearly all say the experience was so positive that they would borrow from...
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October 16, 2015, 07:15 AM
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Wells Fargo & Company (NYSE: WFC) approved more SBA 7(a) loans and dollars for America’s small businesses than any other lender in federal fiscal year 2015 (October 2014 – September 2015), according to recently released U.S. Small Business...
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October 13, 2015, 07:07 AM
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National Funding announced that it has secured additional funding from its longtime bank partner, Wells Fargo. Wells Fargo Capital Finance will increase its line of credit up to $75 million, which will help fund small business, working capital and...
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October 13, 2015, 07:05 AM
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Regions Bank and Fundation Group LLC announced an agreement that will combine the strengths of one of the nation's largest full service banks with that of a leading online lender to provide small businesses with a first of its kind, coordinated...
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October 09, 2015, 07:15 AM
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The August 2015 data release of the Thomson Reuters/PayNet Small Business Lending Index (SBLI), which is a leading economic indicator of GDP, decreased 6% to 136.1 compared to the prior month. July’s value had been restated from 145.2 to 144.1. On a...
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October 01, 2015, 07:05 AM
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A large majority (72%) of small business owners are prioritizing growth according to the inaugural American Express OPEN Small Business Growth Pulse, a survey of 1,000 small businesses with $250,000 or more in annual revenues. Roughly two-thirds of...
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September 30, 2015, 07:05 AM
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Lendio recently released Lender Ratings and Reviews and Small Business Loan Calculators to assist business owners in their search for the best financing. These new tools provide a platform for borrowers to research a business loan product and lender...
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September 24, 2015, 07:07 AM
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Merchant Cash and Capital announced that MCC has transformed into Bizfi, an online lending and aggregation platform. Due to the success of Bizfi.com, launched earlier this year, Merchant Cash and Capital is completing its operational and brand...
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September 16, 2015, 07:14 AM
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PayNet, a firm that provides risk management solutions and market insight to the Canadian Commercial Finance Industry reports increasing investment by privately-held Canadian businesses. The Canadian Small Business Lending Index (CBLI) which measures...
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September 16, 2015, 07:04 AM
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The Biz2Credit August Small Business Lending Index dropped by 0.1 points for big and small banks, an indication that the SBA budget scare effected growth in loan demand. Another key finding of the monthly analysis of 1,000 loan applications from...
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September 10, 2015, 07:00 AM
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The July 2015 data release of the Thomson Reuters/PayNet Small Business Lending Index (SBLI), which is a leading economic indicator of GDP, is 145.2. June’s value had been restated from 143.3 to 146.4. On a year-over-year basis, the SBLI is up 13%...
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September 02, 2015, 07:05 AM
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Small business loan approval rates through institutional investors and alternative lenders remained higher than any other category in July 2015, according to the Biz2Credit Small Business Lending Index, the monthly analysis of 1,000 loan applications...
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August 14, 2015, 07:16 AM
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The June data release of the Thomson Reuters/PayNet Small Business Lending Index (SBLI), which is a leading economic indicator of GDP, increased 9% from 131.0 in May 2015 to 143.3 in June 2015, reaching a new high. Compared to the same month one...
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August 05, 2015, 07:00 AM
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A mid-year survey conducted by small business loan provider and equipment financing company Balboa Capital reveals that business owners believe the United States economy is on the right track and will perform well during the remaining months of 2015....
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July 23, 2015, 06:08 AM
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The May data release of the Thomson Reuters/PayNet Small Business Lending Index (SBLI), which is a leading economic indicator of GDP, decreased 8% from 140 in April 2015 to 128.5 in May 2015, as small businesses paused investing activities after...
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July 02, 2015, 07:03 AM
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Reuters reported that small-business investment increased in most parts of Canada in the first quarter, with the exception of two of the country's most oil-sensitive provinces, as firms adjusted to the fallout of lower crude prices, data from PayNet...
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June 26, 2015, 07:01 AM
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PayNet announces Risk Insight Suite®, a new interactive platform, providing instant access to credit performance data and industry analysis on the small business sector of the economy at www.sbinsights.net. U.S. small businesses are an important, but...
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June 18, 2015, 07:01 AM
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Small business loan approval rates at big banks and institutional lenders improved to new highs in May 2015, according to the Biz2Credit Small Business Lending Index, the monthly analysis of 1,000 loan applications on Biz2Credit.com. Big banks ($10...
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June 10, 2015, 07:03 AM
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Small and mid-size businesses are the backbone of the American economy, and access to capital is the fuel that lets them thrive. A unique survey, co-authored by the Milken Institute's Center for Financial Markets (CFM) and the National Center for the...
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May 15, 2015, 06:43 AM
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Thousands more American small businesses will have better access to quality, affordable growth capital thanks to a new partnership between Funding Circle and the National Small Business Association (NSBA). Through the partnership, Funding Circle...
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May 08, 2015, 07:00 AM
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Small business optimism is at an all-time high since the Great Recession, according to the 2015 Capital One Small Business Confidence Score, an analysis of small business sentiment data collected by the Spark Business Barometer since 2009. The Spark...
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May 06, 2015, 07:00 AM
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The March data release of the Thomson Reuters/PayNet Small Business Lending Index (SBLI), which is a leading economic indicator of GDP, increased 2% from February to 129.6 in March 2015. This also reflects a 12% increase versus March 2014.GDP...
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May 05, 2015, 07:00 AM
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In a recent national survey, only 33 percent of business owners said they have a formal business plan, yet those with a plan also have significantly higher expectations for the year ahead than those without. These results were among survey findings...
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April 30, 2015, 07:16 AM
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Small business loan approval rates at big banks and institutional lenders continue to improve, attaining new post-recession highs in March 2015, according to the Biz2Credit Small Business Lending Index, the monthly analysis of 1,000 loan applications...
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April 14, 2015, 07:36 AM
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The February release of the Thomson Reuters/PayNet Small Business Lending Index (SBLI), which is a leading economic indicator of GDP, increased 7% over February 2014. The SBLI decreased 3% from 122.4 in January 2015 to 119.2 in February 2015. “While...
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March 31, 2015, 06:49 AM
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Marlin Business Services Corp. announced the launch of Funding Stream, a new, flexible loan program of Marlin Business Bank, Marlin's wholly owned, federally regulated commercial bank. Funding Stream is tailored to the small business market to...
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March 17, 2015, 07:05 AM
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Eighty-four percent of business owners and top decision-makers in companies with annual revenue of $10-150 million say they are preparing to seek opportunities for growth, according to the annual Business Pulse Survey sponsored by SunTrust Banks, Inc...
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March 10, 2015, 07:05 AM
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The January 2015 release of the Thomson Reuters/PayNet Small Business Lending Index (SBLI), which is a leading economic indicator of GDP, increased 3% to 120.9 compared to 117.4 a year ago but decreased 9% from 133.4 the prior month. The restated...
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March 03, 2015, 07:05 AM
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Small business owners handed out significantly higher scores when asked about the health of the economy and their potential for economic growth than they did six months ago, according to the Bank of America/CFI Group Small Business Forecast released...
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February 25, 2015, 06:51 AM
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Funding Circle, the world’s leading online marketplace for small business loans, announced that Victory Park Capital, an asset management firm based in the US and an active lender to UK and European companies, will finance up to $420 million in loans...
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February 20, 2015, 07:16 AM
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Today, administrator Maria Contreras-Sweet announced that the Small Business Administration (SBA) would launch a first of its kind tool on the federal agency's website that will allow entrepreneurs looking for a small business loan to get matched...
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February 12, 2015, 07:10 AM
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Small business owners report they are the most optimistic in seven years, according to the latest Wells Fargo/Gallup Small Business Index (PDF*), with stronger revenues, improved cash flow and increased hiring contributing to the improvement.In the...
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February 09, 2015, 07:10 AM
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The December release of the Thomson Reuters/PayNet Small Business Lending Index (SBLI), which is a leading economic indicator of GDP, increased 6% to 129.8 compared to 122.6 in December 2013. This reflects a 10% increase from 117.6 in November 2014...
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February 03, 2015, 07:16 AM
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Fortis Payment Systems, one of the nation’s largest full-service merchant service providers, announced that it has partnered with Biz2Credit Inc., the leading online resource for small business finance.Through this partnership, companies that use...
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January 30, 2015, 06:00 AM
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Small business loan approval rates by big banks and institutional lenders reached post-recession highs in December 2014, according to the Biz2Credit Small Business Lending Index, a monthly analysis of 1,000 loan applications on Biz2Credit.com. Big...
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January 15, 2015, 07:05 AM
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The November release of the Thomson Reuters/PayNet Small Business Lending Index (SBLI), which is a leading economic indicator of GDP, increased 1% compared to November 2013. The SBLI decreased 11% from 129.7 in October 2014 to 116.0 in November 2014...
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January 06, 2015, 06:47 AM
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The U.S. Small Business Administration (SBA) has named SunTrust Bank a top ten 7(a) lender by dollar volume in fiscal year 2014 (Oct.1-Sept. 30). In just one year, SunTrust rose from number 15 to 10 in the SBA ranking with more than $253.6 million in...
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December 10, 2014, 06:54 AM
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National Funding, one of the country’s largest private lenders of small business loans, released the findings of a new survey on the holiday season outlook among small business owners, which found that over a quarter of small business owners are...
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November 17, 2014, 06:50 AM
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Small business loan approval rates at big banks dropped for the first time in seven months, according to the October 2014 Biz2Credit Small Business Lending Index, a monthly analysis of 1,000 loan applications on Biz2Credit.com. Small business loan...
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November 12, 2014, 07:03 AM
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The NFIB Small Business Optimism Index crept back to its August level of 96.1 with a gain of 0.8 points led by a modest increase in the net percent of owners who plan to increase capital spending and more who expect higher sales in the next 3 months....
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November 12, 2014, 07:02 AM
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For the sixth straight year, Wells Fargo & Company is America’s top SBA lender in dollar volume, approving a record $1.6 billion in SBA 7(a) loans for small businesses in federal fiscal year 2014 (Oct. 1, 2013 – Sept. 30, 2014). The company increased...
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November 10, 2014, 06:58 AM
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PayNet announced a new Small Business Insights information portal, PayNet Risk Insight Suite at sbinsights.net, providing access to intelligence on the small business sector of the economy. U.S. small businesses are an important, but misunderstood...
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October 15, 2014, 06:39 AM
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Small business loan approval rates at big banks reached a post-recession high for the sixth consecutive month, according to the September 2014 Biz2Credit Small Business Lending Index, a monthly analysis of 1,000 loan applications on Biz2Credit.com....
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October 09, 2014, 06:12 AM
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Small business loan approval rates at big banks reached a post-recession high for the third consecutive month, according to the August 2014 Biz2Credit Small Business Lending Index, the monthly analysis of 1,000 loan applications on Biz2Credit.com....
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September 10, 2014, 06:00 AM
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July’s Optimism Index technically rose 0.7 points to a reading of 95.7. There was little change in the 10 Index components other than outlook for expansion and business conditions which accounted for the small gain in the Index. Even though these...
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August 15, 2014, 06:17 AM
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Orion First Financial has begun servicing small business loans for Raiseworks, LLC, a New York-based company that operates an online direct lending platform connecting SMEs with institutional investors. Services Orion provides include Uniform...
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August 13, 2014, 06:30 AM
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According to the latest Wells Fargo/Gallup Small Business Index, more small business owners say their company’s current financial situation is good, yet their outlook for the next year has not changed significantly.
In a quarterly small business...
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August 07, 2014, 07:00 AM
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Small business loan approval rates at big banks hit a post-recession high for the second consecutive month, according to the July 2014 Biz2Credit Small Business Lending Index, the monthly analysis of 1,000 loan applications on Biz2Credit.com. Small...
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August 07, 2014, 06:00 AM
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Big banks are now approving one-in-five small business loan applications, a post-recession high, according to the Biz2Credit Small Business Lending Index, the monthly analysis of 1,000 loan applications on Biz2Credit.com for June 2014. Meanwhile...
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July 09, 2014, 07:02 AM
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The Small business economy displayed steady and faster growth in business investment last month based on the latest release of small business trends. In a sign of consistency, the Small Business Lending Index rose again in May over April and over the...
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July 01, 2014, 06:56 AM
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According to the latest quarterly analysis of private-company financial statements by Sageworks, U.S. businesses are growing sales and expanding profit margins at a healthy and consistent pace over the last year. Strength in construction has...
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June 26, 2014, 06:45 AM
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Small business optimism continues to improve, and business owners are feeling more positive about the year ahead, according to the latest Wells Fargo/Gallup Small Business Index.Overall, optimism among small business owners has reached the highest...
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May 29, 2014, 07:00 AM
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The latest data release of the Thomson Reuters/PayNet Small Business Lending Index (SBLI), which has proven to be a leading indicator of GDP between 2-5 months, shows small business investment activity continues to grow at a faster pace. The SBLI...
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April 30, 2014, 06:55 AM
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Thanks to an improving economy, U.S. businesses are expected to increase sales and profits this year, according to the 2014 Chase Business Leaders Outlook. Among the 3,500 business leaders surveyed, nearly three-quarters (73 percent) of middle market...
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April 23, 2014, 06:30 AM
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Ironwood Finance, providers of unsecured, short-term capital financing for small businesses, has launched a new initiative to allow small- to medium sized companies borrow up to $35,000 to lease capital equipment, no matter what their credit...
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April 11, 2014, 06:45 AM
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The first quarter of 2014 ended on an upbeat note in the small business economy as March lending activity posted 21 percent growth according to the Small Business Lending Index released by Direct Capital, a leading national small business lender. In...
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April 10, 2014, 06:30 AM
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The latest data release of the Thomson Reuters/PayNet Small Business Lending Index (SBLI), which has proven to be a leading indicator of GDP between 2-5 months, shows small business investment activity growing at a slower pace. The SBLI registered...
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April 01, 2014, 06:21 AM
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Small Business Economy Continues With Investment and High Credit Quality The latest data release of the Thomson Reuters/PayNet Small Business Lending Index (SBLI), which has proven to be a leading indicator of the GDP between 2-5 months, shows small...
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March 03, 2014, 07:02 AM
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Rather than taking a break after the busy holiday retail season, small businesses continued to expand through January 2014, according to the Small Business Lending Index released by Direct Capital. Direct Capital’s January 2014 index showed a 2.3%...
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February 12, 2014, 07:06 AM
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Announces Plans to Hire More Than 200 Additional Small Business Bankers in 2014Bank of America announced that it extended $10.9 billion in new loans to small businesses in 2013 – a 26 percent increase over 2012. In addition, the bank has seen new...
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February 05, 2014, 06:40 AM
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The December PayNet small business trends show a strong finish to 2013 that will help sustain growth in the U.S. economy in the 1st quarter of 2014. The Thomson Reuters/PayNet Small Business Lending Index (SBLI) extended its string of year over year...
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February 04, 2014, 06:30 AM
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A new national survey conducted by Balboa Capital reveals that business owners and equipment dealers feel the US economy is improving, and are planning to hire more employees, increase marketing initiatives and invest in new equipment, among...
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January 30, 2014, 06:47 AM
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Strong December ’13 results cap off a year of steadily growing demand for financing. The small business economy finished 2013 on a high note and shows clear signs of making further gains in 2014, according to the Small Business Lending Index released...
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January 23, 2014, 06:48 AM
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Small-business optimism ended the year slightly up from November at 93.9, but below the previous 3 mid-year readings of over 94 and 6 points below the pre-recession average, according to the National Federation of Independent Business’ (NFIB’s)...
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January 17, 2014, 06:59 AM
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Small business loan approval rates at big banks ($10 billion+ in assets) increased to an all-time index high of 17.6% in December 2013 from 17.4% in November, according to the Biz2Credit Small Business Lending Index, a monthly analysis of 1,000 loan...
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January 09, 2014, 07:00 AM
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The latest results of small business trends prepared by PayNet registers another increase for small business investment. At the same time, small businesses exhibited a slight increase in delinquent payment of loans and leases. The Thomson...
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January 02, 2014, 07:03 AM
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Small business loan approvals at big banks ($10 billion+ in assets) increased to 17.4% in November 2013 from 14.3% in October, according to the Biz2Credit Small Business Lending Index, a monthly analysis of 1,000 loan applications on Biz2Credit.com....
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December 12, 2013, 06:50 AM
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The Wells Fargo/Gallup Small Business Index remained mostly unchanged over the past several months, and is currently at a positive 24 (+24), compared with the third quarter Index score of positive 25 (+25). While it’s the second highest score in the...
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November 26, 2013, 06:58 AM
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A new survey conducted by Balboa Capital reveals that 95% of business owners in the United States will need additional working capital for their companies during the next 12 months. Balboa Capital sent its online survey to more than 300,000 business...
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November 25, 2013, 07:00 AM
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Small-business owner optimism did not “crash “ in September, but it did fall, dropping 0.20 from August’s (corrected) reading of 94.1 and landing at 93.9. The largest contributing factor to the dip was the significant increase in pessimism about...
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October 10, 2013, 06:50 AM
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Small business loan approvals at big banks ($10 billion+ in assets) dipped slightly to 17.5% in September from an Index high of 17.6% in August 2013, according to the Biz2Credit Small Business Lending Index, a monthly analysis of 1,000 loan...
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October 09, 2013, 07:02 AM
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PayNet, a firm that provides risk management solutions and market insight to the Canadian Commercial Finance Industry reports strong investment by privately-held Canadian businesses. The Canadian Business Lending Index (CBLI) which measures the...
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September 19, 2013, 07:01 AM
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Reuters reported that according to research from PayNet, worries that a reduction in the Federal Reserve's bond-buying program will slow investment at small U.S. businesses are misplaced.According to the Reuters report, instead, firms are likely to...
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September 17, 2013, 07:01 AM
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A majority of small- and medium-sized businesses (85%) say they have the resources they need to expand their exporting operations, according to a survey by Bibby Financial Services."It has taken some time for President Obama's National Export...
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September 13, 2013, 06:52 AM
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Small-business optimism remained flat in August, dropping 0.1 points from July for a final reading of 94.0. While the total reading showed essentially no change over the month prior, a look at the individual indicators reveals incongruent details....
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September 11, 2013, 06:42 AM
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PayNet's latest analysis of small business investment bodes well for economic growth. The Thomson Reuters/PayNet Small Business Lending Index (SBLI) increased 11% in July to 117.7, the highest level since August 2007. The Index, which measures the...
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September 04, 2013, 07:01 AM
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Small business optimism is the highest it has been since third quarter 2008, according to the latest Wells Fargo/Gallup Small Business Index conducted July 22-26. The Wells Fargo/Gallup Small Business Index improved 9 points since second quarter and...
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August 21, 2013, 07:03 AM
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Balboa Capital announced the results of a comprehensive online survey of small businesses and equipment vendors nationwide. Among the key findings: American small business owners and equipment dealers are feeling more optimistic about the nation’s...
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August 08, 2013, 06:49 AM
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Small business loan approvals at big banks ($10 billion+ in assets) jumped to an all-time index high of 17.4% in July 2013 from 16.9% in June, according to the Biz2Credit Small Business Lending Index, a monthly analysis of 1,000 loan applications on...
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August 07, 2013, 07:01 AM
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Small business loan approvals at big banks ($10 billion+ in assets) and credit unions all dipped slightly in June 2013, while approval rates inched higher at small banks and alternative lenders, according to the Biz2Credit Small Business Lending...
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July 11, 2013, 06:52 AM
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Small business lending demand increased in the second quarter of 2013, according to Direct Capital, a leading provider of equipment leasing, business loans and working capital. The company’s Small Business Lending Index showed a 4% increase in...
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July 08, 2013, 06:50 AM
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After stepping backward in the first quarter, small business investment jumped forward in the last two months. The Thomson Reuters/PayNet Small Business Lending Index increased to 115.1 in May, 2013 from a revised 108.1 in April, 2013 The index...
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July 02, 2013, 07:02 AM
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The credit health of U.S. small businesses has improved thus far in 2013, according Direct Capital.Direct Capital’s internal data shows that the average credit score for small businesses rose over 2012 from January to May 2013. That matches a recent...
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June 17, 2013, 06:32 AM
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Small business loan approvals at big banks rose to a new high of 17.3%, according to the Biz2Credit Small Business Lending Index, a monthly analysis of 1,000 loan applications on Biz2Credit.com. Further, loan approvals at big banks experienced...
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June 13, 2013, 06:54 AM
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Small business lending demand remained strong in May and continued to far outpace the previous year, according to the Monthly Small Business Lending Index released by Direct Capital, a leading provider of equipment leasing, business loans and working...
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June 12, 2013, 06:57 AM
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Investment by millions of small businesses jumped in April to get back to exactly where it began the year. The Thomson Reuters/PayNet Small Business Lending Index (SBLI) increased 17% in April over the same month last year to 110.5 from the slightly...
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June 03, 2013, 07:00 AM
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Reuters reported that commercial borrowing by small and medium-sized businesses in Canada climbed in the first quarter, driven by robust domestic and global demand, according to the latest PayNet survey.PayNet, which tracks commercial financing for...
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May 29, 2013, 06:57 AM
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Small business lending demand increased for a fourth consecutive month in April, according to the Monthly Small Business Lending Index released by Direct Capital.The index showed that small business lending demand across the United States in April...
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May 24, 2013, 06:00 AM
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According to the National Federation of Independent Business, after March's disappointing drop in small business confidence, April’s Index of Small Business Optimism rose 2.6 points to 92.1, just above the recovery average of 90.7. In April’s report...
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May 15, 2013, 07:07 AM
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The Federal Reserve Bank of New York released its latest Small Business Credit Survey, which provides data and insight into the credit experiences of more than 800 small businesses in New York, New Jersey and Connecticut. Results suggest the ability...
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May 14, 2013, 06:57 AM
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Small business loan approvals improved to an all-time index high of 16.8% at big banks, according to the Biz2Credit Small Business Lending Index, a monthly analysis of 1,000 loan applications on Biz2Credit.com. Lending approvals jumped in April after...
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May 10, 2013, 07:10 AM
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CFO.com reported the Small Business Administration has backed more small business loans thus far in 2013 compared with the same period in 2012. According to the article, as of May 4, the SBA had approved about 26,000 loans through its 7(a) program...
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May 08, 2013, 06:57 AM
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A new survey from TD Bank found that despite the challenges facing them, more than half (60 percent) of small business owners feel their business is performing at expected levels so far in 2013.TD Bank's survey, which polled more than 600 small...
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May 07, 2013, 07:05 AM
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The Thomson Reuters/PayNet Small Business Lending Index decreased to 98.5 in March from a revised 105.4 in February. The index, which measures the amount of new commercial loans and leases granted to small businesses, and therefore their investment...
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May 02, 2013, 07:09 AM
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According to PayNet, the state of U.S. Small Business Manufacturing is growing again by doing what it does best - inventing new industries and business processes. The PayNet Manufacturing Index, which measures the amount of investment by small...
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May 01, 2013, 07:10 AM
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PayNet, a leader in small business analytics and risk management solutions, announces the PayNet Small Business Delinquency Index (SBDI), a new economic index that quantifies small business financial stress and default and provides early warning of...
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April 16, 2013, 07:14 AM
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Small business lending demand hit its highest level of 2013 in March, according to the Monthly Small Business Lending Index released by Direct Capital.The index showed that small business lending demand across the United States in March was up 4.5%...
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April 15, 2013, 07:11 AM
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Small business loan approval rates increased for the fourth consecutive month at small banks, reaching an all-time index high of 50.8%, according to the Biz2Credit Small Business Lending Index, a monthly analysis of 1,000 loan applications on...
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April 11, 2013, 07:00 AM
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After three months of sustained growth, the March NFIB Index of Small Business Optimism ended its slow climb, declining 1.3 points and landing at 89.5. In the 44 months of economic expansion since the beginning of the recovery in July 2009, the Index...
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April 10, 2013, 07:00 AM
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World Business Lenders, a lender to small businesses, announced that it closed a credit facility with Harvest Capital Credit. According to the company, the financing will be used to increase its lending to small businesses across the country.Founded...
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March 25, 2013, 07:06 AM
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The NFIB Index of Small Business Optimism increased 1.9 points in February, to 90.8. While a nice improvement over the last several reports, the Index remains on par with the 2008 average and below the trough of the 1991-92 and 2001-02 recessions....
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March 14, 2013, 07:06 AM
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Small business loan approval rates at big banks ($10B+ in assets) in February 2013 increased to 15.9%, up from the 15.3% rate in January, according to the Biz2Credit Small Business Lending Index, a monthly analysis of 1,000 loan applications on...
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March 13, 2013, 07:23 AM
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Direct Capital announced the company has released a heat map illustrating small business lending demand over the last year in the United States.The heat map revealed that while lending demand was strong across the board in 2012, several states saw a...
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March 06, 2013, 07:15 AM
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The Thomson Reuters PayNet Small Business Lending Index (SBLI) fell to 113 in January from a revised 115 in December. The index has been basically flat for the past year after growing 20% in 2010 and 16% in 2011.This latest report confirms the...
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March 05, 2013, 07:15 AM
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According to a new survey released by TD Bank, nearly half of small businesses expect their financial health to improve in 2013 and are confident that sales will increase over 2012. The survey also found that nearly one-third of small business...
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February 19, 2013, 07:08 AM
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Small-business owner confidence continues to drag, according to the National Federation of Independent Business (NFIB) Small Business Optimism Index. The Index gained 0.9 points, rising to 88.9, failing to regain the losses caused by last month’s...
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February 13, 2013, 07:16 AM
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Small business loan approval rates at big banks ($10B+ in assets) in January 2013 increased to 15.3%, up from the 14.9% rate in December 2012, according to the Biz2Credit Small Business Lending Index, a monthly analysis of 1,000 loan applications on...
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February 08, 2013, 07:00 AM
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Reuters reported that borrowing by small U.S. businesses rose marginally in December, reporting a small gain for the entire year. According to the Reuters report, the Thomson Reuters/PayNet Small Business Lending Index, which measures the overall...
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February 04, 2013, 07:32 AM
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Small business loan approval rates at big banks ($10B+ in assets) in December 2012 increased to 14.9%, a figure representing a 13 percent jump from the previous month of November, according to the Biz2Credit Small Business Lending Index, a monthly...
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January 10, 2013, 07:18 AM
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Small-business owner confidence did not rebound in December, according to the National Federation of Independent Business (NFIB) Small Business Optimism Index. While owner optimism crept up 0.5 over November’s historically-low report, the 88 point...
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January 10, 2013, 07:07 AM
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The Thomson Reuters/PayNet Small Business Lending Index (SBLI), which has proven to be a leading indicator of the GDP between 2-5 months, takes the pulse of the U.S. Small Business economy. The SBLI for November stands at 108.3, which is essentially...
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January 02, 2013, 07:27 AM
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According to the Bank of America November 2012 Small Business Owner Report, small business owners want to grow or sustain the level of success they’ve experienced in 2012, in the year ahead. They are optimistic about revenue and hiring expectations...
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November 16, 2012, 07:00 AM
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The National Federation of Independent Business (NFIB) Small Business Optimism Index rose 0.3 in October to 93.1; the slight uptick in the reading did not seem to indicate a dramatic shift in owner sentiment over the course of the month. The survey...
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November 13, 2012, 07:19 AM
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Trinity SBIC Management, Inc. announced that Trinity Capital Fund II, LP (Trinity) received a license from the United States Small Business Administration (“SBA”) to operate as a Small Business Investment Company. This license gives Trinity access to...
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November 09, 2012, 07:09 AM
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Reuters reported that lending to small U.S. businesses plunged in September to the lowest level in 14 months. According to the report, the Thomson Reuters/PayNet Small Business Lending Index, which measures the overall volume of financing to small...
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November 01, 2012, 08:00 AM
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September was another month of low expectations and pessimism for the small-business community, with the NFIB Small Business Optimism Index losing 0.1 points and falling to 92.8. The recession-level reading was pulled down by a deterioration in labor...
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October 09, 2012, 07:04 AM
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New York Business Journal reported that Goldman Sachs helped Capital Access Network Inc. close on a $1 billion round of financing that will target small businesses. According to the report, New York City-based Capital Access said the investment bank...
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September 28, 2012, 06:32 AM
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The National Association of Manufacturers (NAM) and the National Federation of Independent Business (NFIB) announced the results of a nationwide survey of small businesses and manufacturers. The results cast a harsh light on the state of the U.S....
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September 26, 2012, 07:14 AM
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In spite of a disappointing jobs report, the NFIB Small Business Optimism Index gained 1.7 points, rising to 92.9, in the month of August. The Index showed some positive signs; employment indicators for the fourth quarter improved substantially, as...
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September 11, 2012, 07:11 AM
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Balboa Capital announced the addition of 33 new employees. The company is experiencing rapid growth and reinvesting in its operations to meet the needs of its customers in the small ticket, middle market and vendor financing channels. "This is a...
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August 30, 2012, 06:33 AM
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Small-business owners prominently rank “Uncertainty Over Economic Conditions” and “Uncertainty Over Government Actions” as their second and fourth most serious problems in the quadrennial National Federation of Independent Business (NFIB) report...
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August 23, 2012, 06:45 AM
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The Federal Reserve Bank of New York released its latest Small Business Borrowers Poll, offering data and insight into the credit experiences of more than 500 regional small businesses. Results suggest that discouraged firms and those that could...
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August 16, 2012, 07:15 AM
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The Federal Reserve's efforts to stimulate the economy continue to be limited by a lack of business and consumer confidence, says National Federation of Independent Business’s (NFIB's) chief economist in “Your Bottom Line With Bill...
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August 08, 2012, 07:39 AM
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The Wells Fargo/Gallup Small Business Index declined six points to positive 17 in a survey conducted July 9 – July 13, 2012. This decline virtually erases gains experienced earlier this year and brings to light the lingering concerns business owners...
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August 07, 2012, 07:18 AM
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The pace of borrowing by small businesses took a sharp turn downwards last month; showing slow economic growth will continue for at least the next quarter. The Thomson Reuters/PayNet Small Business Lending Index stands at 98.5 in June, down from 103...
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August 01, 2012, 07:35 AM
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Despite more than one-third of polled small business owners reporting that they are somewhat or significantly understaffed, most don't plan to hire in the upcoming months, according to a new survey by TD Bank.TD Bank's survey – which polled more than...
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July 31, 2012, 07:13 AM
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PayNet, a leader in small business lending analytics and risk management solutions announces PayNet AbsolutePD® Stress Test Simulator, a new, powerful risk management solution that can greatly improve banks’ ability to forecast the risk associated...
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July 25, 2012, 07:00 AM
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In a disappointing reversal of several months of slow but positive growth, June’s Index of Small Business Optimism dove three points, falling to 91.4. The decline is significant, and relinquished the gains achieved earlier this year. Only one of the...
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July 10, 2012, 07:45 AM
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The pace of investment by small businesses appears to be increasing. A study released Monday by PayNet, a data analytics firm making small business lending more profitable, shows that lending increased 12% month over month, which is the largest...
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July 02, 2012, 07:50 AM
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For the first time in 44 months, taxes emerged as the top problem for small businesses in the latest monthly Small Business Economic Trends report published by the National Federation of Independent Business. When asked about the single most...
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June 19, 2012, 07:30 AM
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Dropping just a tenth-of-a-point in the month of May, the Nation Federation of Independent Business (NFIB) Index of Small Business Optimism came in at 94.4. A reading of 94.4 is historically low and consistent with the sub-par performance of GDP and...
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June 12, 2012, 07:40 AM
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Reuters reported that according to PayNet, Canadian commercial lending activity rose to its highest level in nearly three years in the first quarter, signaling the country's small-business economy is emerging from the shadow of therecession. ...
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June 07, 2012, 07:30 AM
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Five Point Capital announced today that it has hired 13 new team members within its leasing sales and small business loan sales divisions. This hiring growth was spurred by small business owners who have requested the lender’s assistance in obtaining...
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June 07, 2012, 07:00 AM
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Reuters reported that lending to small business in the United States eased in April for the fourth month in a row as companies were hesitant to bulk up their operations, boding poorly for stronger economic growth. According to the report, the Thomson...
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June 01, 2012, 08:00 AM
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More small businesses say government regulations are the top problem facing their business. In the May issue of the National Federation of Independent Business’ (NFIB’s) Small Business Economic Trends report, 20% of small-business owners said...
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May 29, 2012, 06:30 AM
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A new survey of Northeast small business owners by TD Bank reveals that although confidence in the U.S. economy remains low, the majority of those polled expect to meet or improve revenues, and have stable or increased employee headcounts in the...
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May 23, 2012, 07:30 AM
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Revving the U.S. job engine requires more fuel from small businesses. This is according to a report released today by TD Economics, an affiliate of TD Bank.Two and a half years following the end of Great Recession, hiring rates are still very low...
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May 21, 2012, 07:00 AM
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Bank of America released its inaugural Small Business Owner Report, a semi-annual study exploring the concerns, aspirations and perspectives of small business owners across the country. The survey uncovers a sense of optimism about their own business...
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May 18, 2012, 08:00 AM
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Wells Fargo approved more than $548 million in SBA 7(a) loans nationwide in the first-half of federal fiscal year 2012 (Oct. 1, 2011, through March 31, 2012), and continues to provide more SBA loan dollars to America’s small businesses than any other...
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May 18, 2012, 06:30 AM
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Experian announced that it has joined forces with Moody's Analytics to create a business index and detailed report that provides insight into the health of U.S. businesses. The new Experian/Moody's Analytics Small Business Credit Index will be...
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May 17, 2012, 08:00 AM
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Confidence about the US economy's 12-month outlook rose sharply this past quarter among executives surveyed for PwC US’s Private Company Trendsetter Barometer. Sixty percent of Trendsetter executives voiced optimism (up 21 points from the prior...
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May 16, 2012, 07:00 AM
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The U.S. Small Business Administration (SBA) has once again recognized Huntington as the No. 3 lender in the nation for number of SBA 7(a) loans (which the bank had held for five consecutive quarters), and for the first time ever, for overall dollar...
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May 10, 2012, 06:30 AM
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According to the National Federation of Independent Business, the Index of Small Business Optimism gained 2 points in April, settling at 94.5 after taking a dip in March. The reading is the highest since December 2007, however, April’s gain only...
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May 08, 2012, 06:30 AM
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Small Business Borrowing Is at a Critical Stage for the Economy…Stalled and Could Continue to Grow or Inflect Into Another RecessionThe pace of lending to small businesses in the United States continues to be at a standstill, supporting the view that...
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May 01, 2012, 08:00 AM
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Marlin Business Services Corp. reported first quarter 2012 net income of $1.6 million.“Results for the quarter demonstrate the solid performance track of our business,” says Daniel P. Dyer, Marlin’s co-founder and Chief Executive Officer. “Our...
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May 01, 2012, 07:30 AM
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Small business owners are finding it less difficult to obtain credit, according to the latest Wells Fargo/Gallup Small Business Index survey (conducted April 2-6, 2012). Since the last survey in January, the number of small business owners who found...
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May 01, 2012, 07:00 AM
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Prime Advantage, the leading buying consortium for midsized manufacturers, announced the findings of its ninth semi-annual Group Outlook Survey, revealing financial projections and top concerns of its Member companies for 2012. The findings show the...
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April 20, 2012, 07:30 AM
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On Deck, the technology platform that connects Main Street directly to capital, announced today at the Electronic Transactions Association (ETA) Annual Meeting and Expo in Las Vegas the launch of Split Funding, a new payment method that allows...
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April 20, 2012, 06:00 AM
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Five Point Capital, Inc. (the "Company" or "FPC") one of the nation's leading providers of equipment leases and working capital to small and medium sized businesses across the U.S., announced today the completion of its recent sale and transition of...
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April 13, 2012, 06:30 AM
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After six months of gains, the Small-Business Optimism Index fell by almost 2 points in March, settling at 92.5. After a promising start to the year, nine of ten index components dropped last month, most notably hiring plans and expected real sales...
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April 12, 2012, 07:30 AM
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Lending to small business in the United States barely grew in February, supporting the view that economic growth was lackluster at the start of the year.The Thomson Reuters/PayNet Small Business Lending Index, which measures the overall volume of...
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April 03, 2012, 07:00 AM
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On Deck, the technology platform that connects Main Street directly to capital, today announced another key growth milestone. The company has reached 1,000 distribution partners who work directly with small businesses to connect them to much needed...
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March 26, 2012, 01:45 PM
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Prime Advantage, the leading buying consortium for midsized manufacturers, announced the findings of its fourth annual Group CFO Survey, revealing financial projections and top concerns of its Member companies’ CFOs in 2012. CFOs continue to see...
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March 26, 2012, 07:30 AM
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Canadian commercial lending edged up for the fifth straight time in the final quarter of last year and reached its highest since 2009, suggesting a pickup in investment that should help keep the economy growing.PayNet, which tracks commercial...
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March 15, 2012, 07:00 AM
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KeyBank has surpassed its goal to provide $3 billion in loans to women-owned businesses by April, 2012 – three months ahead of its target. Key's achievement included loans to businesses of all sizes. Since 2005, Key has lent more than $6 billion to...
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March 06, 2012, 06:00 AM
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As SBA lending continues its return to pre-recession levels, now is a good time to consider SBA financing given the current rate environment, says Todd Harrington, Chief Sales Officer for CIT Bank -- Small Business Lending at CIT Group Inc. This...
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March 05, 2012, 07:30 AM
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A new study of the change in the types of small businesses from 2000 to 2011 reveals a dramatic shift towards service based businesses. This longitudinal study shows that traditional sectors that drove the small business economy in the past, like...
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March 01, 2012, 07:45 AM
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Reuters reported that borrowing by U.S. small businesses rose in January, another sign that recent stronger economic data may be more durable than thought.The Thomson Reuters/PayNet Small Business Lending Index, which measures the overall volume of...
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March 01, 2012, 07:00 AM
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With the equipment financing industry forecasted to grow 9% through 2012, now may be the time for companies to consider replacing outdated equipment. This topic is one of many discussed in CIT’s "2012 U.S. Equipment Financing Outlook,"...
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February 28, 2012, 08:00 AM
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On Deck, the technology platform that connects Main Street directly to capital, announced the launch of On Deck Express, the fastest way for small businesses to access up to $25,000 in as fast as 24 hours online. On Deck Express is also On Deck’s...
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February 24, 2012, 03:00 PM
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Marlin Business Services Corp. today reported fourth quarter 2011 net income of $2.1 million. Net income for the full-year 2011 was $6.2 million.“We’re pleased with the solid operating and financial fundamentals in place for all aspects of the...
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February 24, 2012, 08:00 AM
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Element Financial Corporation one of Canada’s leading independent equipment finance companies, providing equipment financing to owner/operators and to small and medium-sized businesses across North America, announced financial results for the fourth...
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February 24, 2012, 06:45 AM
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Nilfisk-Advance, one of the world’s leading manufacturers of professional floor cleaning equipment, today announces that it has formed a strategic alliance with Marlin Business Services Corp., an industry leader in providing equipment and software...
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February 13, 2012, 07:30 AM
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