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Industry News - October 15, 2018

October 15, 2018


SBA Celebrates National Women’s Small Business Month 

In recognition of this month, SBA Administrator Linda McMahon has written a blog on the organization’s site on the entrepreneurial spirit of women. 

Source: Small Business Trends


 Big Banks Hit Record High Small Business Loan Approval Percentages in September 

The September approval percentage for big banks (assets of $10 billion+) rose from 26.5% to 26.7%, according to Biz2Credit’s monthly report. 

Source: CUInsights 


Small Business Sentiment Retreats From 45-Year High, According to NFIB 

The 2017 tax cuts helped drive optimism to the highest in decades, yet owners call taxes their second-biggest business problem.

Source: MarketWatch 


Big Drivers of Small Business Loans 

While fintech firms are capturing the bank’s market share, banks still have an opportunity to win a larger share of the pie. 

Source: ABA Banking Journal 


Uber and Girlboss Want to Help Fund Women-Owned Startups 

Uber is teaming up with Girlboss to invest more than $200,000 in women entrepreneurs. 

Source: Fast Company 


Millennials and Impact Investing: A Striking Pair For a Broadening Sector 

More than half of Millennial investors (52%) see the social responsibility of their investments as important selection criteria. 

Source: Forbes


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