GDP unexpectedly contracts

The Commerce Department recently reported the U.S. GDP unexpectedly contracted in the fourth quarter of 2012. The GDP fell 0.1 percent, the worst numbers seen since the second quarter of 2009. The decline was completely unexpected; according to economists polled by Reuters, who anticipated the GDP would rise about 1.1 percent to end the year. 

Potential reasons for the decline are varied. While some attribute the economic slowdown to politics, the "fiscal cliff" and lower government spending, others blame Hurricane Sandy, which hit the East Coast at the end of October. Still more believe the contraction reflects upon the economic crisis in Europe and a slowing Chinese economy, as U.S. exports dropped. 

With the economy more uncertain than ever, it may be increasingly difficult for small business owners to obtain the business financing they need to grow their companies and be successful. Some entrepreneurs may be turned away as they seek loans; however, they may have a better chance of obtaining the lending they need from small or mid-sized banking operations that take into account the requirements of small business owners and can provide personalized options for their customers. 

Content presented by Bridge Bank, offering flexible, customized solutions for entrepreneurs.

Getting Started

Find your ideal banker:

Getting Started

Find your ideal banker:

Featured Insights

Silicon Valley Business Journal reported on March 26 that In the market for a two-bedroom apartment in...

Nanolab Technologies uses cutting-edge technology and expertise to provide knowledge-based analytical services for...

Mission Bell is a 54-year old company based in Morgan Hill, California that specializes in architectural millwork,...

Mercurynews.com reported on January 30 that Fueled by mushrooming tech wealth, luxury home sales set new records in...

Much of the country is still recovering from the recession, making it difficult for companies to secure financing....

Recent News

04/18/14
Going into business as an entrepreneur requires a unique skill set and frame of mind...
04/18/14
Startup founders and other entrepreneurs are familiar with the process of failing...
04/18/14
Entrepreneurs sometimes find themselves at important crossroads. One of these is...
04/18/14
Sometimes it can seem like so many meetings are being scheduled that they are...
04/18/14
Small-business owners and entrepreneurs are used to running their companies on what...
04/18/14
Sometimes, despite training and determination, managers and founders attempt to...
04/17/14
The business world has changed rapidly in the past decade, and strategies that were...
04/17/14
Entrepreneurs and would-be entrepreneurs often come up with a number of different...
04/16/14
Last year, venture capitalists invested $29.4 billion in 3,995 deals, according to...
04/16/14
A pitch can make all the difference in securing venture capital investment or...

Twitter

Featured Insights

Featured Insight

Silicon Valley Business Journal reported on March 26 that In the market for a two-bedroom apartment in...

Featured Insight

Nanolab Technologies uses cutting-edge technology and expertise to provide knowledge-based analytical services for...

Featured Insight

Mission Bell is a 54-year old company based in Morgan Hill, California that specializes in architectural millwork,...

Recent News

Going into business as an entrepreneur requires a unique skill set and frame of mind. One of these tasks is finding...

Startup founders and other entrepreneurs are familiar with the process of failing quickly enough to change a product...

Entrepreneurs sometimes find themselves at important crossroads. One of these is encountering a business opportunity...

Twitter