video Small businesses raise concerns of qualified worker shortage University of Maryland Professor Emeritus Peter Morici on the U.S. economic outlook and the Trump administration’s trade negotiations with China. The loan approval percentage for small business credit applicants hit a record high of 27.2 percent at big banks ($10 billion+ in assets) in February, while approval rates at small banks, alternative lenders and credit unions dipped slightly, according to the Biz2Credit Small Business Lending Index™ for February 2019. Continue Reading Below MORE FROM FOXBUSINESS.COM WHAT VERIZON WILL CHANGE FOR 5G RITE AID’S CEO OUT IN MANAGEMENT SHAKEUP, CUTTING 400 JOBS HOW MUCH THE AVERAGE AMERICAN SPENDS PER DAY “After two months at an even 27 percent, the approvals by big banks climbed a bit at big banks in February. Overall, the cost of capital is relatively low, small businesses are looking to secure funding, and for many companies, recent financial performances have made them creditworthy borrowers,” said Biz2Credit CEO Rohit Arora, who oversees the monthly research derived from more than 1,000 small business credit applications on his company’s online lending platform. CLICK HERE TO GET THE FOX BUSINESS APP “The Federal Reserve has slowed its trend of incremental interest rate… Read full this story
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