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The new survey found small businesses are spending an average of $13,000 per month on their credit cards
The ABA and ICBA have praised Congress’ decision to nullify the rule
Very few organizations have been successful in growing their relationships with this audience
The industry group said the expansion of the SBA 7(a) loan program would harm borrowers
Survey also found improved digital tools have helped banks’ services for small businesses
The rule requires banks to collect and report data on credit applicants
The United States has more banks than most of the rest of the world combined
50% of small businesses believe cash flow management tool consolidation positively impacts profitability
Banks are potentially more cautious to give out loans after the collapse of Silicon Valley Bank and Signature Bank
The market has experienced a steady decline for banks over the past two years
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