TITLE

Losing Out In Their Own Back Yard

PUB. DATE
November 2007
SOURCE
Bank Technology News;Nov2007, Vol. 20 Issue 11, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the research that concerns small businesses in the U.S., as conducted by Baker Hill Corp. The study reveals that larger banks are processing small business loan applications much faster than community banks, and this is due to big banks' use of technology to extend loans to small businesses. There is only allegedly 1,400 small business loans that were processed by smaller banks last year, in compare to 19,000 small business loans that were processed by the larger banks.
ACCESSION #
27518569

 

Related Articles

  • Program Tracks Risk In SunTrust Portfolio. Bills, Steve // American Banker;1/27/2004, Vol. 169 Issue 17, p12 

    SunTrust Banks Inc. has automated the tracking of its small-business loan portfolio and says its bankers can now spend more time working with customers rather than compiling reports. For the last six months the $125.4 billion-asset Atlanta, Georgia banking company has been using Portfolio Risk...

  • Optimism on the upswing as small businesses aim to borrow. FITZGERALD, BETH // njbiz;9/16/2013, p30 

    The article reports on the results of the Wells Fargo/ Gallup Small Business Index survey, which revealed that small business owners are more optimistic about their capability to obtain loan from lenders over the next year in New Jersey.

  • Top Small Business Administration Lenders.  // Grand Rapids Business Journal;10/8/2001, Vol. 19 Issue 41, pB4 

    Ranks top small business administration lenders in Grand Rapids, Michigan based on the dollar amount of 2001 loans. Fifth Third Bank; National City Bank; Irwin Union Bank.

  • Credit Scoring May Increase Small Business Access To Credit. Barron, Jacob // Business Credit;Mar2007, Vol. 109 Issue 3, p29 

    The article provides information on the study concerning the importance of credit scoring system in small business lending in the U.S. The study entitled "A Survey Based Assessment of Financial Institution Use of Credit Scoring for Small Business Lending" has found that the use of credit scoring...

  • SBA Survey Examines Credit Scoring for Small Business. Cowan, Adrian M.; Cowan, Charles D. // Commercial Lending Review;Sep2007, Vol. 22 Issue 5, p27 

    The article examines the result of the survey regarding the impact of the use of small business credit scoring on loans to small businesses in the U.S. In the survey, small business credit-scoring banks were divided into two categories. It has been found that most banks do not treat credit...

  • Big Banks Gaining Share in Small-Biz Loan Market: Report. Nemeroff, Evan // American Banker;5/7/2014, Vol. 179 Issue 70, p2 

    The article reports that data collected by business lending management company Biz2Credit indicates large banks are providing more loans to small businesses as of April 2014, taking market share from alternative lenders.

  • 6 Largest U.K. Banks OK Small-Firm Lending Kitty.  // American Banker;10/14/2010, Vol. 175 Issue 158, p16 

    The article reports that the six largest banks in Great Britain had pooled their resources to create a $2.7 billion fund for small business loans, after being criticized for receiving approximately $1.4 trillion in government bailouts and giving some $9.7 billion of it to their employees as bonuses.

  • Battle of the Bucks.  // Inc.;May2014, Vol. 36 Issue 4, p104 

    Statistics related to the banking and alternative lending industries are presented including the time used to close loans, percentage of small-business-loan approval rates and average small-business-loan size.

  • Banks Spar for Best Small-Biz Clients. Finkle, Victoria // American Banker;4/19/2012, Vol. 177 Issue 61, p7 

    The article discusses a trend in the U.S. of banks competing for and lending to the most creditworthy small-business owners which results in creative loan pricing.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics