Wednesday, January 23, 2013

Bank of America lent $8.7 billion to small businesses in 2012


Bank of America announced Wednesday that it extended nearly $8.7 billion in new credit to small businesses in 2012, an increase of 28 percent over 2011. The bank also reached its goal of hiring more than 1,000 small business bankers nationally – part of a pledge Bank of America CEO Brian Moynihan made to the White House in late 2010 to increase lending to small businesses. 

Both efforts are part of the Charlotte bank's broader push to increase services and lending for small businesses. 

Though small business lending is still a relatively small piece of the bank, Bank of America reports its combined new and renewal small business lending totaled nearly $20 billion. 

According to Bank of America's recent Small Business Owner Report69 percent of small business owners are reaching out to financial experts for help. 

The bank has met with more than 300,000 small business owners since the beginning of 2011, says Anna Colton, small business banker national sales executive for Bank of America, in a statement. 


6 comments:

Calvin Brock said...

Pretty good post. I just stumbled upon your blog and wanted to say that I have really enjoyed reading your blog posts. Any way I’ll be subscribing to your feed and I hope you post again soon. bizspark

High School Diploma Online said...

Really well published website i have got from here Thanks.

Accredited GED Online said...

Great sharing you have post here i like your stuff.

Jessica Jeon said...

Not more delaying to get famed these days. Buy Facebook Followers as a strategy to increase status and authority on the internet in a shorter period. buy facebook followers cheap

Jessica Jeon said...

Are you currently seeking to ways to get global popularity shortly? You only will need to Buy Facebook Followers to become recognized on web. order facebook followers

manoj kumar said...

Not more delaying to become famed currently. Buy Facebook Followers as a tactic to increase fame and acceptance online in a shorter duration. where to buy facebook followers