Fed survey indicates credit quality will rise in 2013

New data released by the Federal Reserve indicates some banks are beginning to ease their lending standards somewhat, as an increased market for business financing is leading more entrepreneurs to seek loans. The survey took into account practices at both domestic banks and foreign firms operating within the U.S. 

Bank lending supposedly on the rise 
"Most fractions of domestic banks reported having eased their standards across major loan categories over the past three months on net," read the Fed's report. "Domestic respondents indicated that demand for business loans, prime residential mortgages and auto loans had strengthened."

However, even with more relaxed lending standards and interest rates still low, economic growth is still limited. A recent report revealed the economy contracted at an annual rate of 0.1 percent in the fourth quarter of 2012, indicating lending may still be difficult for entrepreneurs to come by. Those that are lending more may be seeking additional business to keep up with the rise of smaller firms and nontraditional lenders. 

"Almost all respondents that reported having eased either standards or terms over the past three month cited more aggressive competition from other banks or non-bank lenders as an important reason for having done so," read the report.

Small businesses can still struggle 
If your business is having a rough time finding a lender, you certainly aren't alone. 
Even though standards seem  to be easing, small-business owners still often have a difficult time obtaining the capital they seek to effectively grow their businesses, increase staff levels and invest in new equipment and technology. 

If you're trying - and failing - to obtain a loan, it may be time to think outside the box. While you may be pitching your ideas to venture capitalists, big banks and local investors, why not try working with a smaller bank? A small or mid-sized institution can not only help you get the lending you seek, it can also help personalize processes to ensure your banking options fit your company's needs. 

Think a smaller bank can't handle the needs of a growing business? Small and mid-sized banks are highly competitive, knowledgeable about foreign exchange and international banking, and the specialized service an expanding firm needs to get its products and services to the public and expand, whether growth is nationwide or across the world. 

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

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

On April 19, 2016, San Francisco became the first major U.S. city to mandate...

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

As millennials graduate college and move into hip neighborhoods in expensive...

According to CB Insights, the gaming industry has moved through a variety of...

In this modern economy focused on lightening-fast, immediate services, it comes...

Solar energy installation in the United States hit some major milestones in 2015...

A new report from The Tauri Group has declared 2015 a...

Many experts believe that 2016 will be the end of the unicorn startup. Unicorns...

It all started back in 2000 with the objective to capitalize on the explosive growth in technology and provide a...

Recent News

04/28/16
San Jose, CA – April 28, 2016 - Bridge Bank and Trinity Capital Investment, a...
04/01/16
SOUTH SAN FRANCISCO, Calif., April 01, 2016 -- Sunesis Pharmaceuticals, Inc. (Nasdaq...
03/23/16
View the 2015 Western Alliance Annual Report
03/22/16
Following a Record-Breaking Year of Growth, Leading Outsourcing Company Partners...
02/17/16
Durham, NC – Feb 17, 2016 – Bridge Bank today announced the recent hiring...
02/10/16
CARLSBAD, CALIF. -- February 10, 2016 -- Colorescience today announced the...
02/09/16
Los Angeles – February 9, 2016 - Bridge Bank announced today that it has provided...
02/04/16
PHOENIX (Feb. 4, 2016) – Forbes’ assessment of the 100 largest U.S. banks weighed...
01/29/16
San Diego, CA – January 28, 2016 – Bridge Bank’s Life Sciences Group (LSG) today...
11/20/15
MINNETONKA, Minn., November 17, 2015 - Zyga Technology, Inc., a medical device...

Twitter

Featured Insights

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...

Featured Insight

It all started back in 2000 with the objective to capitalize on the explosive growth in technology and provide a...

Recent News

On April 19, 2016, San Francisco became the first major U.S. city to mandate...

As millennials graduate college and move into hip neighborhoods in expensive...

According to CB Insights, the gaming industry has moved through a variety of...

Twitter

  • Thanks for the follow! 17 hours 37 min ago
  • Bridge Bank presents the 2016 San Jose State University Economic Summit on June 2! Sign up today: https://t.co/FBcTIlf5TW 17 hours 51 min ago
  • In our recent collaboration with Trinity Capital Investment, we closed on a $15M credit facility for E la Carte. https://t.co/q2D2nUimJp 18 hours 39 min ago