BizSugar.com › Raising Capital › US entrepreneurs turn to microfinance

It looks like US entrepreneurs are increasingly turning to microloans as banks tighten lending standards.

To be sure, microlending is a tiny, tiny piece of small business credit in the US. Microlenders tend to be small nonprofits, and all their loans combined probably wouldn't be a blip on the portfolios of one of the big banks. That said, there's some anecdotal evidence that it's a growing source of credit for some very small businesses locked out of the conventional credit market.