Small Business News You Can Use (4/19)

Republicans on the House Financial Services Committee plan to keep tabs on exactly how much work it takes to comply with the Dodd-Frank financial reform law through a new online tracker. In the wake of the credit tightening that occurred during the financial crisis and the Great Recession, many small company owners have complained that they cannot obtain enough financing to meet their business needs. However, others have managed to access these funds, a recent study conducted by Denny Dennis of the National Federation of Independent Businesses (NFIB) shows. Americans’ confidence crept up last week, Gallup said Tuesday, all but erasing two straight weeks of declines. If you are looking for a loan for your business, big banks aren’t your best bet right now. Instead, you might be better to turn to a community bank, a credit union, of any number of alternative lending sources, such as account receivable financiers, microlenders, or Community Development Financial Institutions (CDFIs).