Business New Haven March 2014

Page 1

www.CONNTACT.com

MARCH 2014

$1.50 SMALL BUSINESS

BUSINESS PERSON OF THE YEAR

Business & Civic Awards 2014

Big Bank/Small Bank Loan Gap Smaller banks approve three times more applications than their larger peers By Michael C. Bingham If you own a small business and hope to get bank financing to reach your big dreams, the best advice may be to think small. The latest Biz2Credit Small Business Lending Index, based on January 2014 figures, revealed that nationally big bank and small bank lending

approval rates increased to an all-time Index high between 2011 and 2014. Small-business loan approval rates at big banks (defined as $10 billion-plus in assets) increased to a new high of 17.8 percent in January, up Continued on page 8

With projects that may transform downtown New Haven — just as his father did a half-century ago — Bob Landino is the man with the golden touch

With Support From:

Photo: Jim Anderson

Companies We’ve Moved! Turner Construction Company 50 Waterview Drive - Ste. 220 Shelton, CT 06484 203.712.6070

10 Main Street | Suite B | Middletown, CT 06457 www.centerplan.com | 860.398.5390

20 Grand Avenue New Haven, CT 06513

We congratulate Dr. Thomas Lynch for being selected as Innovator of the Year!

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Master Builder


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