Small business borrowing in a tough credit market
Despite the current financial upheaval both in Nevada and throughout the nation,
entrepreneurs and small business owners still need access to capital to start or expand a business. But, navigating the path from deciding a loan is needed to having the funds in the business banking account has recently become much tougher.
Not only have most all lenders tightened their underwriting guidelines in response to their own challenges in getting access to capital, many lenders are now only looking for outstanding business investment opportunities (that’s what a small business loan actually is). The challenge for potential borrowers is to position themselves and their business (or proposed business) at the top of the applicant pile. Read more:
Technorati Tags: Bill Sims, Nevada Small Business Development Center, SBA, U.S. Small Business Administration – Nevada District Office, Steve Coleman, NCET, Nevada’s Center for Entrepreneurship and Technology
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