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It’s good news for small business owners as they move higher on the radar screen of Bank of America. The biggest bank in California is already the largest small business lender by many measures. In the coming months, they will be adding a new online bank service that will be specifically targeted at small businesses.
They will be offering more loans to smaller, small business including loans and lines of credit to businesses up and running for a month or less. These intiatives are reflective of the growing number of small business owners who toil in cubicles by day and at their businesses by night. By targeting their financial services at this large and evergrowing market of business owners, they will be able to say yes to small business and that’s a win for small business owners everywhere.
