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:

Select any filter and click on Apply to see results

Featured Insights

The rise of trackers and monitoring devices coupled with the interconnectivity...

Launching a brand-new business into the market is always an exhilarating, yet...

Some founders and CEOs of fledgling startups may end up making the mistake of...

Since its inception in the mid-1900s, venture capital investment has grown from...

Once and awhile, something comes along that captures the imagination and...

Success in the world of biotechnology and life sciences requires a level of patience that is foreign to most types...

A new report released by KPMG International and CB Insights said...

Startup accelerator Y Combinator is known for its innovative model in providing...

Beginning June 24, 2016, the Small Business Administration will start accepting...

In the continued trend of...

Recent News

08/23/16
SAN FRANCISCO, CA – August 23, 2016 – Bridge Bank today announced the hiring of...
08/10/16
Atlanta-based software company selects Bridge Bank for its technology industry...
08/08/16
MENLO PARK, Calif. - August 8, 2016 - Bridge Bank’s Equity Fund Resources Group (EFR...
08/02/16
San Jose, CA — August 3, 2016 — Bridge Bank today announced the hiring of Victor Le...
07/25/16
Durham, NC -- July 25, 2016 -- Bridge Bank’s Life Sciences Group (LSG) today...
07/21/16
San Francisco, CA -- July 21, 2016 -- Bridge Bank’s Life Sciences Group (LSG) today...
07/01/16
MONMOUTH JUNCTION, N.J, July 1, 2016 - CytoSorbents Corporation (NASDAQ: CTSO), a...
06/23/16
SUNNYVALE, CA -- 06/20/16 -- Viveve Medical, Inc. ("Viveve") (NASDAQ: VIVE), a...
06/21/16
New Office on Famed Sand Hill Road Furthers Bridge Bank's Commitment to Serving...
06/01/16
Oakland, CA – June 1, 2016 – Bridge Bank today announced the recent hiring of...

Twitter

Featured Insights

Featured Insight

Success in the world of biotechnology and life sciences requires a level of patience that is foreign to most types...

Featured Insight

Valuations in the venture capital (VC) market are either in decline or flattening out, primarily due to inflated...

Featured Insight

Financial institutions operate at the heart of our economic system and as such, are hyper-aware of market indicators...

Recent News

The rise of trackers and monitoring devices coupled with the interconnectivity...

Launching a brand-new business into the market is always an exhilarating, yet...

Some founders and CEOs of fledgling startups may end up making the mistake of...

Twitter