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“We started Fig Capital Llc. to fill a real and troubling gap in the financial system; qualified SMBs need ready access to capital supported with a highly developed customer service sensibility. Our goal is to get capital to businesses so they can grow and employ more people, buy more goods and generally contribute to America’s economic well-being.”
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FDIC data show a 19.1% decrease in small business loans outstanding since 2008
In 2007, $686.8 billion in loans were issued, compared with $587.8 billion last year.
In contrast, loans to midsize and large companies rose from $1.5 trillion in 2007 to $1.9 trillion in 2012—a 12% increase. — CNBC, Small Business
In the fourth quarter [of 2012]
Only 5% of all loans at banks with more than $10 billion of assets were small-business loans… — American Banker Online
For lending purposes, the nation's four biggest banks define small businesses as those with annual revenues up to $20 million -- an amount far higher than many businesses on Main Street will ever reach. — The Huffington Post