Federal Reserve Bank of Kansas City’s Post

Have you read our new Small Business Lending Survey report? It shows median interest rates increased for most new small business lines of credit in 1st quarter 2024. Read the report here: https://bit.ly/3Se8zIH #FederalReserve #Banking #SmallBusiness #Finance

The risk of winning is...hold that thought. Instead, think about how much easier Lumos Business Report is going to make your small business lending efforts. Get ready to win. The biggest risk is a better process for the early stages of your small business lending workflow and loads of appreciation with a little admiration thrown in there. That actually sounds more like rewards.... #smallbusinesslending #finance #banking

Recent changes to business lending rules have caused credit unions to think about growing their commercial loan portfolios. Check out this article for more details and tips on how to get started >> https://bit.ly/47lIAUa #commerciallending #creditunions #lending #banking

Small Business Owner? Listen To This If You Need Capital! Q & A w/ Ross Mandell: Part 2 of 6- How Banks Decide On Lending Criteria For Small Businesses #banking #smallbusiness #capital #lending #rossmandell

Changes to business lending rules have caused credit unions to think about growing their commercial loan portfolios. Check out this article for tips on how to get started >> https://bit.ly/3TBs9Qt #commerciallending #creditunions #lending #banking

Some concrete pieces of advice that any business owner can follow to set and achieve their business goals. #smallbusiness #business #commercialbanking #westfieldbank #banking #finance #communitybanking

Choose interest-bearing checking accounts for your business to earn interest on idle funds while maintaining easy access to cash for day-to-day operations, maximizing returns on your deposits. #Business #Finance #Banking

📊 The Top 5 lenders (ranked by cumulative jobs supported from 2013-2023) supported more than 1 million jobs through their lending initiatives and SBA programs from 2010-2023. The Top 30 during that period are below. #smallbusinesslending #banking #finance

Explore asset-based lending options that use your business assets, such as accounts receivable or inventory, as collateral to secure financing with more favorable terms than unsecured loans. #Business #Finance #Banking

Acquiring business financing tends to be highly successful when a strategic approach is developed beforehand. Knowing the criteria banks use to evaluate your business is key. Perform a pre-evaluation with a banker, preferably one who has experience working with other businesses within your industry, to gauge qualification metrics and determine the needed amount. This empowers you to ask the right questions and pursue suitable financing options. Learn more about how banks evaluate businesses by reading this article: https://bit.ly/42vskiA #Banking #SmallBusiness