• For Buyers
    • Retail News
    • Products & Suppliers
    • Ecommerce
    • Marketing & Management
    • Trade Show News
  • For Suppliers
    • Supplier News
    • Marketing & Management
    • Importing
    • Manufacturers
    • Warehousing
    • Finance
    • Show Exhibiting
  • Wholesale 101
  • Trade Show Calendar
  • Wholesale Products
  • New Suppliers
Facebook Twitter Instagram
Friday, March 24
  • Subscribe
  • Submit Content
  • About Us
    • Contact Us
  • Advertise
    • Display Advertising
    • Email Marketing Campaigns
    • Newsletter Advertising
    • Sponsored Content
    • Lead Generation Services
  • Top Product Sources
Facebook Twitter Instagram
WholesaleCentral.com Blog
  • For Buyers
    • Retail News
    • Products & Suppliers
    • Ecommerce
    • Marketing & Management
    • Trade Show News
  • For Suppliers
    • Supplier News
    • Marketing & Management
    • Importing
    • Manufacturers
    • Warehousing
    • Finance
    • Show Exhibiting
  • Wholesale 101
  • Trade Show Calendar
  • Wholesale Products
  • New Suppliers
WholesaleCentral.com Blog
Home»For Buyers»Retail News»Lending Confidence Grows
Retail News

Lending Confidence Grows

PublisherBy PublisherMarch 1, 20122 Mins Read
Facebook Twitter Email
Share
Facebook Twitter Email

At the start of 2008, obtaining or extending a line of credit with a bank, or even getting a small business loan, was a painful process. But through planning and determination, small businesses have adapted over the past four years to become more profitable, and in banking terms, lower risk loan profiles. According to the Thomson Reuters’ PayNet Small Business Lending Index, “Lending jumped by 18 percent between November 2010 and November 2011, a figure that puts small business financing at its highest level since February 2008, when the downturn started.” Furthermore, separate reports have shown that bankruptcy filings are down, as are the number of people applying for unemployment benefits, additional signs of economic recovery, reports American Express OPEN Forum.

Retail Banking Relationships Improving

While banks were once reluctant to lend, according to the Reuters’ survey, “More small business owners are on top of their debts, and the number of loans in “moderate delinquency” (behind 30 days or more) and “severe delinquency” (behind 90 days or more) both declined in November.” Bankruptcy filings also decreased nationwide, with new case filings down by 12 percent, according to the American Bankruptcy Institute.

Small businesses, such as independent retailers, have strived to be responsive, truthful, timely, reasonable, available and cooperative, in order to increase their profitability and improve their banking relationships. “We are now in this new phase of growth and low risk,” says William Phelan, president of Skokie, which provides risk management tools. “We’ve seen delinquencies improve consistently to levels that are now below risk from 2005, so that lends confidence in my mind that we’ve got these millions of companies in the United States that now have financial capacity that didn’t exist three years ago.”

economy small business
Share. Facebook Twitter Email
Previous ArticleWholesale Buys Made Easy
Next Article Mass Vision Fashions

Related Posts

5 Essential Tax Season Preparation Tips

January 24, 2023

Technology to Prepare Your Store for the Future

January 19, 2023

How to Create a Google Business Profile

January 18, 2023
Sign Up for Buyer Updates
WholesaleCentral.com

Join the Buyer's Network

Get news & updates only for retailers.

Latest Posts

Amazon Return Pallets For Sale: How to Profit

March 20, 2023

2023 Wholesale Apparel Trends

March 14, 2023

Top Wholesale Easter Products

February 27, 2023

The Future of Sustainable Manufacturing is a Hybrid Approach

February 23, 2023

Make Money with Foreign-Trade Zones

February 22, 2023

Overstock Liquidations

January 25, 2023
how-to
Wholesale 101 for Buyers

Amazon Return Pallets For Sale: How to Profit

March 20, 202311 Mins Read

A big trend among some online sellers is buying Amazon return pallets and overstock and…

Product News

Overstock Liquidations

January 25, 20236 Mins Read

Overstock inventory refers to the excess goods or merchandise that a retailer has on hand…

Retail News

5 Essential Tax Season Preparation Tips

January 24, 202310 Mins Read

Are you ready for tax season? April 18 is approaching quickly, and many day-to-day decisions…

Wholesale 101 for Buyers

How to Create a Google Business Profile

January 18, 20236 Mins Read

Looking for new ways to get your brand noticed? Creating a Google Business Profile can…

  • About Us
  • Subscribe
  • Contact Us
  • Advertise
  • Find Wholesale Sources
WholesaleCentral.com

Join the Buyer's Network

Get news & updates only for retailers.

Follow Us:

Copyright © 2023. Sumner Communications, Inc..

Type above and press Enter to search. Press Esc to cancel.