Signs emerge of small-business interest in real estate, equipment loans

There has been a slight decrease in the number of SBA loan applications over the first three months of the year. Despite economic pressures, we are encouraged by the resilience and optimism of small business owners. Lenders should prioritize borrower education, particularly around how to leverage financing as a tool for long-term business growth. Communicating and strategizing together is more important than ever, says Joe Rico, of U.S. Bank in San Francisco. “We are focused on engaging with our communities, listening to what they need, and working hard to deliver for them every day,” says Brian Kilkenny, of TMC Financing. “Lenders should be prepared to guide clients through the evolving landscape of eco-friendly financing,” says Anna O’Brien, of Bank of America in New York. “It’s important to keep as much money in the system to benefit qualifying businesses,” says Tony G. Uribe, of North Bay Bank in California.

Source: Northbaybusinessjournal.com  |  Read full article