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Few Banks Seek Funds for Small Businesses
Keywords:
The Obama administration's Small Business Jobs Act of Sept 2010 set aside $30 billion to stimulate lending to small business. Only 7% of 7700 U.S. lenders have signed up for the program so far. The deadline to sign up to participate has been extended from March 31 to May 16, 2011, by the Treasury Department. Banks have been hesitant to sign up for various reasons: banks say they see a stigma to taking these loans, and need additional staff to handle the extra paperwork. Banks say there isn't enough demand for loans from small business, or that there is enough capital already to handle larger better collateralized borrowers with the others considered too risky anyway.
Newly created business firms, small business and job creation in the USA in 2009-2011
11/18/2010
The reason why the unemployment rate is so high and why there are so many jobless people.
Grouped Articles
The Next First (and Only) 100 Days
New York Times 12/10/2011
Big Banks Cut Back on Loans to Small Business
Wall Street Journal 11/27/2015
Few Businesses Sprout, With Even Fewer Jobs
Wall Street Journal 11/18/2010
Few Banks Seek Funds for Small Businesses
Wall Street Journal 03/31/2011
For Small Businesses, Recession Isn't Over
Wall Street Journal 07/06/2011
Job Search Stretches Past a Year for Millions
Wall Street Journal 07/22/2011
Aldi stores grocery chain formula
01/13/2009
Trader Joe's and Aldi's stores both run by the Albrecht family and the Albrecht Family Trust in Germany. Aldi's was the name selected from Albrecht and Discount by the Albrecht brothers, who ran their mother's retail business in the 1950's. The chain has a formula to offer lower prices- fewer items, fewer varieties of each item compared to a Kroger or a Wal-Mart, smaller stores, and 95% of the items carrying the Aldi's name.
Grouped Articles
Aldi to Boost Its Number of U.S. Stores by 50%
Wall Street Journal 12/20/2013
Wall Street Journal 01/13/2009
Aldi's Co-Founder Karl Albrecht, a Pioneer in Food Retailing, Dies at 94
Wall Street Journal 07/22/2014
Where Wal-Mart Failed, Aldi Succeeds
New York Times 03/29/2011
Few Banks Seek Funds for Small Businesses
Wall Street Journal 03/31/2011
Kroger Appears in Prime End-Aisle Position
Wall Street Journal 09/09/2011
Small business struggling with lack of credit.
12/10/2009
Grouped Articles
Small Businesses Anticipate Breakout Year Ahead
Wall Street Journal 01/01/2014
Big Banks Cut Back on Loans to Small Business
Wall Street Journal 11/27/2015
Economist 12/10/2009
Economist 12/10/2009
Few Banks Seek Funds for Small Businesses
Wall Street Journal 03/31/2011
For Small Businesses, Recession Isn't Over
Wall Street Journal 07/06/2011
The lack of effectiveness of Obama's plan to stimulate hiring by small business with tax credits and loans
12/10/2009
New tax credits announced as part of a second stimulus in December 2009 are seen as being ineffective to get small businesses to hire more people. The lack of access to credit and the lack of confidence in the economy are going to make hiring difficult in 2010 and beyond.
Grouped Articles
New York Times 09/06/2011
Big Banks Cut Back on Loans to Small Business
Wall Street Journal 11/27/2015
Firms Aren't Sold on Jobs Tax Credit
Wall Street Journal 12/10/2009
Few Banks Seek Funds for Small Businesses
Wall Street Journal 03/31/2011
Obama loses bin Laden bounce; Romney on the move among GOP contenders - The Washington Post
Washington Post 06/07/2011
For Small Businesses, Recession Isn't Over
Wall Street Journal 07/06/2011
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