A recent report from the American Bankers Association (ABA) is showing at least a moderate amount of improvement since this time in 2011 and expects the trend to persist.
As commercial lending begins to pick up this year, general sentiments of applicants and financial institutions will likely rise as well.
Hospitality is one of the first industries to tank when the economy slows. It also leads us out of recession as things improve. And just as during most recessions, hotel and motel vacancies soared during the Great Recession. Additionally, revenues per available room (RevPAR) plunged. The good news is that the hospitality industry is improving and lenders are slowly coming … Read More
The SBA loan program, specifically the 504 extension, is reminding owners that refinancing to pay down existing business debts should still be considered an option.
The Equipment Leasing and Finance Association (ELFA) is showing long-term trends are on the rise.
“Nothing Down!” shouts the headline in boldface, large letters. Yet, it qualifies who the bank says is worthy for this special business loan. “Medical doctors, CPAs, attorneys, veterinarian practices and dentists,” are on the list. However, “Chiropractors are not eligible” for HomeBanc’s “Professional Perks Program.” “We like professionals, business acquisitions and franchise lending,” says John Hanlon, the bank’s vice president, … Read More
A recent survey by the Federal Reserve found that banks may be loosening their requirements to secure a business loan and may be more willing to work with customers seeking a new loan thanks to a more competitive first quarter market.
The hotel industry is hoping that recent improvements in business financing will reach their market but owners are remaining skeptical.
The commercial real estate lending market appears to be growing.
The market for commercial real estate loans appears to be tightening.