small business lending Posts

Have Questions About the Small Business Lending Rule? We Have the Answers.

Posted on October 28, 2024 by Baker Hill

The Small Business Lending Rule (SBLR), also known as the section 1071 rule, is a significant development in the financial industry aimed at improving transparency and fairness in small business lending. That’s why we sat down with several of...

Business Banking Outlook is Positive: What this Means for SMB Lending

Posted on September 2, 2024 by Baker Hill

Business owners have an optimistic outlook for the remainder of 2024, according to the BAI 2024 Small Business Banking Outlook report . “Businesses have fared better than consumers in the post-pandemic inflationary environment,” noted BAI research director Mark Riddle...

Playing to Your Community Bank’s Strengths to Win Over Small Businesses

Posted on December 18, 2023 by Baker Hill

A recent Cornerstone analysis of 4,700 banks and credit unions revealed that only about one in seven banks and credit unions had a concentration in small business lending of at least 20%. “That’s a huge opportunity,” John Meyer, senior...

Small Business Lending – Banking on Relationships

Posted on October 23, 2023 by Baker Hill

Despite borrowing costs reaching new highs, the anticipated credit crunch has yet to materialize, especially for small businesses. According to an article in Reuters , 28% of firms surveyed by the National Federation of Independent Business (NFIB) borrowed on a...

From Startup to Prosperity: How Credit Unions Fuel Business Dreams

Posted on October 5, 2023 by Mike Horrocks

Small businesses are the lifeblood of the American economy, and banking is the heart that keeps it pumping — and within the banking industry, there is no segment that has more heart for their borrowers than Credit Unions. I recently...

The “Do’s” of Preparing for Dodd-Frank 1071

Posted on August 3, 2023 by Baker Hill

In banking, keeping up with compliance is a full-time job and Section 1071 is the latest example of that. At the end of March 2023, the Consumer Financial Protection Bureau (CFPB) issued its long-awaited final rule to implement Section 1071...