Small Firm Lending Accelerated in 2007


The number of outstanding small business loans between $100,000 and $1 million increased by almost 32% between June 2006 and June 2007, according to the Office of Advocacy of the Small Business Administration.

The study, Small Business and Micro Business Lending in the United States for Data Years 2006–2007, found that the total number of small business loans (including those under $100,000) increased by 15% while the total dollar value of loans increased by about 8%.

All of these were higher rates of growth than over the June 2005 to June 2006 period.

Source:Office of Advocacy, SBA, www.sba.gov/advo/research/sbl_07study.pdf.

SPONSORED REPORT

How to make the most of a negotiation

Negotiators are made, not born. In this sponsored report, we cover strategies and tactics to help you head into 2017 ready to take on business deals, salary discussions and more.

VIDEO

Will the Affordable Care Act be repealed?

The results of the 2016 presidential election are likely to have a big impact on federal tax policy in the coming years. Eddie Adkins, CPA, a partner in the Washington National Tax Office at Grant Thornton, discusses what parts of the ACA might survive the repeal of most of the law.

COLUMN

Deflecting clients’ requests for defense and indemnity

Client requests for defense and indemnity by the CPA firm are on the rise. Requests for such clauses are unnecessary and unfair, and, in some cases, are unenforceable.