Daily Archives: August 21, 2021

Small Business Loan Approval Rates Up at Big Banks (Don’t Get Excited)

From June to July of 2021, small business loan approval at big banks increased from 13.6% to 13.8%. The approval percentage rate at small business banks is up one-half of a percent from one year ago. And it is up from 18.9% in June to 19.1% in July for this year. Small Business Trends August…

Close wealth gap with more minority-owned startups

Business Insider August 17, 2021 Self-employed people are 4 times wealthier than workers, on average Juliana Kaplan Self-employed Americans have a far larger median net worth than their regular working peers. Self-employment is one way to achieve economic mobility, especially as wages decline for workers. But who has access to that economic mobility is still…