Having a tough time landing a loan?
Monday, November 2, 2009 | 1:31 pm
If you're a small business owner struggling to land a loan, you're not the only one. The Boston Globe has a good story today that outlines some of the problems with bank lending.
From the story:
"...many small businesses are having a difficult time getting SBA loans from lenders that took government handouts.
"In addition to frustrating owners who say they need the money to survive, the banks' reluctance to lend undermines a goal of the federal stimulus program: Ease the credit crunch so companies can grow and hire again."
From the story:
"...many small businesses are having a difficult time getting SBA loans from lenders that took government handouts.
"In addition to frustrating owners who say they need the money to survive, the banks' reluctance to lend undermines a goal of the federal stimulus program: Ease the credit crunch so companies can grow and hire again."
Most recent The Storefront posts
- In Everett, Obama to announce export help for small businesses Feb. 17
- We ♥ a creative, useful press release Feb. 14
- Website offers tax help for small businesses, self-employed Jan. 31
- Small businesses comprise half of state's private-sector workforce Jan. 26
- Small-business advocates to lobby Olympia lawmakers next week Jan. 20
Comments
(