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Graph: Change in Volume of Bank Loans to Businesses, by Loan Size, 2000-2012
Resource filed under Banking, Independent Business | Written by Stacy Mitchell | No Comments | Updated on Apr 15, 2014

Change in Volume of Bank Loans to Businesses, by Loan Size, 2000-2012

The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/change-volume-bank-loans-businesses-loan-size-2000-2012/

Since 2000, the overall volume of business lending per capita at banks has grown by 26 percent, but this expansion has entirely benefited large businesses. Small business loan volume at banks is down 14 percent and micro business loan volume is down 33 percent. Continue reading

Towards a Localist Policy Agenda
Featured Article, Resource filed under Independent Business | Written by Stacy Mitchell | No Comments | Updated on Jul 5, 2013

Towards a Localist Policy Agenda

The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/localist-policy-agenda/

To regenerate local businesses, we’ll need more than Buy Local campaigns; we’ll need to change public policy, which now favors big business. In this presentation, Stacy Mitchell looks at seven key policy areas to focus on. Continue reading

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Featured Article, Resource filed under Independent Business | Written by Stacy Mitchell | 14 Comments | Updated on Dec 1, 2012

Why We Can’t Shop Our Way to a Better Economy: Stacy Mitchell’s TEDx Talk

The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/ted/

In this TEDx talk, delivered on October 20, 2012 at TEDxDirigo‘s Villages conference at Bates College in Lewiston, Maine,  conference, ILSR Senior Researcher Stacy Mitchell argues for a new phase in the local economy movement. She notes that there’s been a resurgence of support for small farms, local businesses, and community banks, but argues: “As remarkable… Continue reading

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Featured Article filed under Banking | Written by Stacy Mitchell | No Comments | Updated on Nov 27, 2012

Free Checking is Rare at Big Banks, Common at Small

The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/free-checking-rare-big-banks-common-small/

While just 24 percent of big banks offer totally free checking, more than 60 percent of credit unions and small banks do, according to a new report from the U.S. Public Interest Research Group. The report also found that credit unions and small banks have lower fees on average and do a better job of disclosing fees to prospective customers. Continue reading

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Featured Article filed under Independent Business | Written by Stacy Mitchell | 4 Comments | Updated on Oct 22, 2012

Six Small Business Issues at Stake in this Election

The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/small-business-issues-stake-election/

Here’s a look at six small business issues at stake in next month’s federal and state elections, including bank reform, corporate tax advantages, getting corporate money out of politics, capping credit card fees, and creating preferences for local businesses in government purchasing. Continue reading

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Featured Article filed under Banking, Independent Business | Written by Stacy Mitchell | 6 Comments | Updated on Oct 17, 2012

Too Big to Lend

The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/big-lend/

A critical function of our banking system is financing small businesses. But big banks are doing a rotten job of it. At the nation’s largest banks, small business lending has plunged 33% since 2009. Trying to cajole or compel them to do more won’t make much difference because the problem is largely inherent to their scale. Continue reading

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Resource filed under Banking, Independent Business | Written by Stacy Mitchell | 2 Comments | Updated on Oct 17, 2012

Small Business Lending: Local Banks vs. Big Banks

The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/small-business-lending-charts/

Although they control only 21% of U.S. bank assets, small and mid-sized banks provide 54% of small business loans. Continue reading

Change in Share of Assets Devoted to Small Business Lending, 2009-2012
Resource filed under Banking | Written by Stacy Mitchell | No Comments | Updated on Oct 16, 2012

Change in Share of Assets Devoted to Small Business Lending, 2009-2012

The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/change-share-assets-devoted-small-business-lending-2009-2012/

As a share of their total assets, small business lending at the nation’s largest banks fell by 33% in three years. Continue reading

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Resource filed under Banking | Written by Stacy Mitchell | 1 Comment | Updated on Jun 11, 2012

Percentage of Bad Loans by Size of Bank

The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/percentage-bad-loans-size-bank/

As this chart shows, giant banks (those with more than $100 billion in assets) consistently make poorer lending decisions and write-off more bad loans than community banks (those with under $1 billion in assets). Continue reading

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Featured Article, ILSR Press Room filed under Banking | Written by admin | No Comments | Updated on Apr 1, 2012

Banking For the Rest of Us

The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/banking-for-the-rest-of-us/

In this cover story for Sojourners Magazine, Stacy Mitchell writes that there is remarkably little evidence to support the idea that bigger banks are superior. They have come to dominate, not because they are more efficient or offer better services, but because they have rigged government policy in their own favor. It’s time for a new set of rules—banking policies for the 99 percent. Continue reading