WOJTOWICZ: Temporary program helps refinance commercial mortgages
A recent study from Credit Suisse found that over $15 billion of small commercial mortgages (under $5 million) are coming due in the next few years.
Small business loans
Articles
WOJTOWICZ: Do homework before meeting business lender
Prepare to talk in detail about your business, the plans you are making and the reasons for expanding before you show the banker the facts and figures.
WOJTOWICZ: Character always counts—even in loan decisions
During these difficult times, small-business lenders are looking harder at intangibles—including a borrower’s character.
Global micro lender Grameen ramps up in Indianapolis
Low-income women could receive loans in weeks.
Small Business Administration announces top state lender
The Indiana Statewide Certified Development Corp. has been recognized as the most robust lender through the SBA’s 504 loan program.
WOJTOWICZ: Missed tax payments could affect business loans
Property tax billing and collection were at their most confusing during the recession, when businesses were experiencing lost revenue, poor projections and, in general, toughing it out as best they could.
WOJTOWICZ: Relief available for firms with falling real estate values
New law allows banks to refinance existing real estate and equipment debt through the U.S. Small Business Administration 504 loan program.
WOJTOWICZ: How to lay your hands on working capital
Small-business owners looking for working capital would be well-served to do their research in advance and can ask their bankers about several approaches, including financing based on assets.
Small-business lending rises 30 percent in Indiana
The amount of money banks loaned through U.S. Small Business Administration programs shot up close to 30 percent in Indiana this year, a sign that the state’s small businesses—including Pat Wolfred’s CCA Inc.—have started coming back to life.
Obama signs $30B small-business lending bill
Scoring a prized political victory five weeks before the Nov. 2 elections, President Barack Obama on Monday signed a bill to help small businesses expand and hire by cutting their taxes and creating a $30 billion loan fund.
WOJTOWICZ: Be careful when locking in low loan rate
This may be a golden opportunity for small-business owners to lock in a low rate to finance expansion. But make sure you understand
the loan agreement.
Small-biz lending on the rise
Federal loan programs that help fund company expansions are seeing more activity from program administrators in Indianapolis.
Obama’s stimulus aims to boost access to small-biz loans
No incentive can make a bad deal bankable. But President Obama’s stimulus measures are spurring some promising small businesses
to begin borrowing again, despite the recession.
SBA loan approvals – November 2009
SBA loan approvals above $100,000 for the Indianapolis area for November 2009
SBA loan approvals – October 2009
SBA loan approvals for the Indianapolis area for October 2009.
Local SBA lending dropped 17 percent in 2009
Local loans issued through the Small Business Administration’s popular 7(a) guarantee program plunged by an astonishing 64
percent for three of the city’s four largest banks during 2009, while overall lending in the program slipped 17 percent in
the metro area.
SBA loan approvals for Indianapolis – September 2009
Small Business Administration loan guarantees for the month of September 2009 for Indianapolis area
Small-biz loan approvals for June
SBA loan guarantees for the month of June. These businesses have received loans from financial institutions with a guarantee
from the SBA. Not all funds are disbursed immediately, and some approved loans are subsequently canceled.