Small Business in the News: January 7-13, 2017

We know there is too much to keep up with when you’re a busy entrepreneur, so we compile small business news highlights each week for you to read only what matters most. Here is a summary of the top stories for January 7-13, 2017.

Small Business Optimism Hits Highest Level

Small business optimism has hit its highest level since 2004, according to a report from the NFIB. Fifty percent of survey respondents (small business owners) expect the economy to improve, which is the highest rating in 15 years. Read more…

Loan Approvals Up at Big Banks

According to the most recent Biz2Credit Small Business Lending Index, 2016 finished off strong for loan approval rates at big banks and institutional lenders. Small banks also saw an increase in approvals, while alternative lenders and credit unions continued to see a drop in approvals. Read more…

Forbes Releases 30 Under 30

In its sixth year running, Forbes has released their annual list of 30 Under 30. The list celebrates 30 game changers in 20 different industries, all under the age of 30. Categories include education, finance, food and drink, media, music, and more. Read more…

Funding Circle Raises $100 Million

Online lender, Funding Circle, announced they raised an additional $100 million in equity funding. This comes after a tough year for Funding Circle last year when they made headlines for a loan-doctoring scandal. Read more…

Canadian Small Business Owners Remain Optimistic for 2017

Eighty-one percent of Canadian small business owners are reportedly optimistic about growth entering the new year. The new survey results reveal that small business owners are specific about evaluating and obtaining capital in 2017, and cited they expect to increase profit (29%), customers (26%), and cash flow (24%). Read more…

 

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