Give your company some credit – It’s not easy to find, but financing is out there
Abstract: Traditional banks have taken a substantial amount of heat over the last year and a half, and many continue to be hesitant about extending financing to even the most stable of businesses. There are, however, other options for borrowers to consider. These include “angel” investors, venture capital firms, and Small Business Administration loans. As a sidebar explains, banks are skittish partly due to the increased number of small business bankruptcies in 2009. However, for those who still want to approach a traditional bank, another sidebar offers some pointers.