Report Card on Banks' Small Business Loan Pledges

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February 9, 2011
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NEWS  THIS WEEK'S TOP STORY Report Card on Banks' Small Business Loan Pledges Two of the biggest banks—Chase and BofA—met their 2010 goals, while Wells Fargo missed its target. All three exceeded their 2009 loan amounts

Inside: This Week in SmallBiz At the end of 2009, President Obama pressured banks, especially those that had taken government bailouts, to do more to get credit to worthy small business borrowers. Three of America's largest banks­--Bank of America, JPMorgan Chase, and Wells Fargo--made specific pledges for 2010. Take a look at how well they met their goals. Then suggest a company for our third annual roundup of America's most promising social entrepreneurs. Hear how Goldman Sachs' 10,000 Small Businesses initiative is going. Learn about the second iteration of the Chilean government's Start-up Chile program. Finally, catch an opinion piece on the cost of letting Main Street businesses collapse in economic downturns. --Nick Leiber SEND FEEDBACK  |  E-MAIL A FRIEND  |  GET RSS  |  NEWSLETTERS

MORE SMALLBIZ NEWS SMART ANSWERS Entrepreneurial Training from Goldman Sachs $500 million Goldman initiative intends to reach 10,000 low-income and minority small business owners within five years. Here, a few of the program's 75 graduates report what they learned Chile Seeks 300 Foreign Startups: Round Two In the second iteration of its popular Start-Up Chile program, the Chilean government is offering $40,000 grants, one-year visas, and hand-holding Seeking Suggestions: America's Most Promising Startups We want your suggestions for companies to profile in Businessweek.com's third annual roundup of America's most promising social entrepreneurs TECHNOLOGY Instagram: Picture a New Breed of Startup Four-month-old photo-sharing service Instagram has 1.75 million users, four employees, and zero revenue SALES & MARKETING Marketing: Investment or Expense? Every business lives or dies by its brand. Few owners, however, invest the time and money it takes to support their own with a thoughtful marketing strategy HARD CHOICES Hard Choices: Ronald M. Shaich The architect of Au Bon Pain and Panera Bread bakery-cafés on abandoning one business venture to focus on growing another   SMALLBIZ SLIDE SHOWS America's Most Promising Startups Meet new companies from across the country that embody the creativity and resilience common among today's entrepreneurs   SMALLBIZ SPECIAL REPORTS ENTERPRISE Focus On Entrepreneurs, January 2011 From Bloomberg Businessweek, a roundup of news, trends, and ideas for business owners SMALLBIZ  BUSINESS DIRECTORY Need Help? Find experts in your area in: Accounting Advertising and Marketing E-Mail Marketing Legal Services Public Relations Search Engine Marketing Web Design Web Marketing Web Hosting  BW MALL  SPONSORED LINKS Buy a link now! This newsletter is a FREE service provided by BusinessWeek.com. To sign up for other newsletters, cancel delivery, change delivery options or change your e-mail address, please go to our Newsletter Preferences page. If you need other assistance, please contact Customer Service or contact: Wanda Cooper BusinessWeek Customer Rights Communications Data Services 1995 G Avenue Red Oak, IA 51566 Phone: 1-800-635-1200 To learn more about how BusinessWeek.com applies this policy, you can contact our Marketing Department. Copyright 2009-2010 by BLOOMBERG L.P. ALL RIGHTS RESERVED. Terms of Use | Privacy Notice

SMART ANSWERS KAREN E. KLEIN >> Better Ways to Handle Business Conflict Instead of litigation, dispute resolution expert L. Randolph Lowry urges entrepreneurs to manage conflict themselves or take advantage of mediation SEND YOUR QUESTIONS TO KAREN >   VIEWPOINT SCOTT SHANE >> Small Employers: Too Numerous to Fail The Great Recession's aftermath shows that policymakers do not comprehend the cost of letting Main Street businesses collapse in economic downturns. Next time, we'll need to help them View all articles for Scott Shane   Advertisement Today's Tip Sales & Marketing Did a bunch of worthless charlatans play you for a fool? Or was it something else? --Mitch Stoller, Founding Partner, Group SJR READ MORE > Advertisement