First off, don’t write off the smaller banks too quickly. A number of small banks have funds available and are often more willing to loan them, but you need to have been in business for over two to four years, depending upon the lending institution, and show proven profitability. It isn’t easy, but if you have a sound company with a good plan you may be able to secure those needed funds.
Archives for posts with tag: loans
The ARC loan is becoming even harder to get, and what loans are being granted are to a much smaller community of small businesses than the stimulus money was designated to serve. However, the great help to your business makes it still worth the effort to do your best to get one. Don’t take no for an answer – get creative!
What Banks are Making these Loans?