According Inc, the Small Business Administration has made changes to its SBA 7(a) loan program to make it easier for small business to qualify. The rules which took effect in January cut the equity needed for acquisition loans and changes how franchisees get financing.
According to CNBC, small business confidence is surging in the wake of Trump’s tax cut. The latest CNBC/SurveyMonkey Small Business Confidence Index shows an increase of five points for the first quarter.
December was a good month for New York’s small businesses looking for a loan, reports New York Daily News. The Biz2Credit Small Business Lending Index shows that 25 percent of big bank loans were approved.