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Featured Article filed under Banking, Independent Business | Written by Stacy Mitchell | No Comments | Updated on Apr 16, 2014

Understanding the Small Business Credit Crunch

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

Even as their big competitors are awash in capital, many locally owned businesses are struggling to secure the financing they need to grow. A new ILSR analysis has found that, since 2000, bank lending to large businesses is up 36 percent, while small business loan volume has fallen 14 percent and “micro” business loans — those under $100,000 — have plummeted 33 percent. To shed light on this problem and help inform policy discussions, ILSR has published an overview of the small business lending landscape. Continue reading

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

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Resource filed under Banking | Written by Stacy Mitchell | No Comments | Updated on Apr 15, 2014

SBA Loans Decrease in Number, Double in Size

The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/sba-loans-decrease-number-double-size/

Over the last few years, the U.S. Small Business Administration (SBA) has dramatically reduced its support for smaller small businesses and shifted more of its loan guarantees to larger small businesses. Continue reading

Rule filed under Banking, Independent Business | Written by admin | No Comments | Updated on Apr 15, 2014

Access to Capital for Local Businesses

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

A significant share of locally owned businesses are struggling to secure the financing they need to grow.  Our 2014 Independent Business Survey found that 42 percent of local businesses that needed a loan in the previous two years had been unable to obtain one.  Another survey by the National Small Business Association likewise found that 43… 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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Resource filed under Independent Business | Written by Stacy Mitchell | No Comments | Updated on Dec 14, 2012

Local Revival: Building a Decentralized Economy

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

Local farms, independent retailers, and community banks are all experiencing newfound public support. While these trends are encouraging, local businesses still account for only a small share of the economy. In this 15-minute talk, given in May 2012, ILSR’s Stacy Mitchell presents a compelling case for moving local enterprises from the economy’s margins to its mainstream. 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 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