small business lending Posts

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...

Texas Hold 'Em or Fold 'Em: Section 1071 CFPB Small Business Lending Rule

Posted on August 1, 2023 by Mike Horrocks

Yesterday, July 31, the U.S. District Court for the Southern District of Texas issued a limited preliminary injunction on the Small Business Lending Rule (Section 1071) for banks that are part of the Texas Bankers Association (TBA) and/or the American...