TheNewYorkFed
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The New York Fed Visits Small Businesses (April 2011)
Many small businesses continue to struggle even though the recession has officially ended. According to the 2010 FRBNY Small Business Finances Poll, conducted in August 2010, 75 percent of regional firms reported being unable to secure all the credit that they sought.
The most recent poll findings show how small businesses are financing their operations: 68 percent included bank credit as one of their top-three sources of financing. However, notable changes occurred between 2008 and 2010:...
Related topics : federal loan bank of new york / loan small business
New York Fed 101 - Term Asset-Backed Securities Loan Facility (TALF)
Beth Caviness of the New York Fed explains how TALF helped restart the flow of credit to American households and small businesses.
The Term Asset-Backed Securities Loan Facility (TALF) began lending in March 2009 to help restore credit to millions of Americans during the financial crisis. Restoring the flow of credit to consumers and small businesses helped to support overall growth throughout the U.S. economy....
To learn more visit: http://www.newyorkfed.org/education/talf101.html
Related topics : loan for business without security
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