August 12, 2020 is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Small Business News for Entrepreneurs


Small Business Finance News


Fed To Hold Meeting On Bank Lending To Small Business

Written by Ken Gaebler
Published: 7/8/2010

A forum on how to increase loans to small businesses will be hosted by the Federal Reserve.

The Federal Reserve is tackling one of the most pressing issues for small businesses today - not enough access to lending.

Entrepreneur Business Chart

The Fed announced recently that it would be holding a forum with representatives from financial institutions, trade groups, small businesses and others in order to find out where the issues lie, the Associated Press reports.

While the lack of funding doesn't come as news for small business owners, the Fed will try to pin down the source of the problem.

The question of who is to blame for the lack of credit flow is stumping even the most high-ranking government officials.

Ben Bernanke, the Chairman of the Federal Reserve, recently said it was not obvious who was to blame for the decrease in lending - whether it was a shortage of demand or more cautious banks - the news source reports. In the past few months, the Fed is on record as encouraging banks to loan money to small businesses.

The former head of the Federal Reserve, Alan Greenspan, was in the news recently after giving an interview to a cable channel. When asked about the ongoing issues related to unemployment, he responded that "people [didn't] want to hire because they're terribly concerned they [will] have to let them go."

Have Friends Who Might Like This Article?

Tweet via @gaeblerdotcom Share this on Twitter

Let them know on LinkedIn

Ready to Learn More? We Think You Might Like These Articles:


About Our Small Business News

Our small business news site is packed with useful information for small business startups and entrepreneurs. Find helpful entrepreneur resources about small business management, financing, marketing & technology.



Additional Resources for Entrepreneurs

Help for Native American Entrepreneurs

Resources for Gay Entrepreneurs

Businesses for Sale

Online Entrepreneur Tools


Lists of Small Business Incubators

Lists of Angel Investors