Weekly News Roundup: Resolutions for Your Biz, Financing Resources & More

Chase doubles small business loans in Columbus in 2010

Chase says it awarded 91 Small Business Administration loans worth $9.2 million in Columbus last year.

Both figures represent significant increases over 2009 lending levels in the capital city, with the number of loans up 133 percent and the dollar amount up 129 percent.

Last year, the bank made a total of 3,386 SBA loans worth $434 million, making it the second-largest SBA lender in dollars.

“The SBA loan program allows us to reach thousands of small businesses that need the financing to run their businesses and meet their payroll, especially during these challenging times,” says Michael Cleary, head of business banking at Chase.

“Helping small businesses grow is important because they are core to the U.S. economy,” he adds.

Chase says its SBA 7(a) and Express loans contributed to the bank’s 37 percent increase in lending to small businesses through working capital, term loans for expansion, commercial mortgages, lines of credit, and business credit cards.

Also, Chase says since last November it has hired more than 500 additional business bankers and approved more than $250 million in small business credit after giving rejected loans a second look.

In Other News…

Jonathan Blum, principal of Mamaroneck, N.Y.-based Web content company Blumsday LLC, says four technology resolutions can help business owners make their companies safer in the new year. [Read More]

Based on suggestions from Phil Leibowitz, a partner at San Francisco accounting firm Burr Pilger & Mayer, Entrepreneur recommends five finance resolutions to improve business owners’ financial health in 2011. [Read More]

Entrepreneur says five key financing trends could impact small businesses this year. [Read More]

Inc. offers tips to aspiring entrepreneurs for raising adequate capital. [Read More]

Columbus Business First has compiled a searchable database of all 721 “Forty Under 40” honorees from 1993 to 2010. [Read More]

Nominations are currently being sought for Columbus Business First’s “Forty Under 40” awards for 2011. [Read More]

The Small Business Administration has announced two new lending initiatives intended to get loans under $250,000 into the hands of small business owners in ten days or less. [Read More]

In light of recent recognition from the International Economic Development Council and invitations to speak before other economic development organizations around the country and the globe, it seems the Dublin Entrepreneurial Center’s work to create an entrepreneurial ecosystem is being noticed. [Read More]

Upcoming Events:

Planning for Economic Survival & Success [Read More]

“Ask the Experts” Over Lunch: The Future of Business in UA [Read More]

Dress for Business Success [Read More]

Startup Weekend Columbus 2011 [Read More]