Teach small borrowers to think big
Abstract: Small private businesses tend to be responsive, innovative, thrifty and focused on core operations. Nonetheless, banks often consider them to be high risk, especially if owners run their businesses like extensions of their personal finances. But, as this article explains, there are a number of healthy big-business practices that small borrowers can embrace — especially if their lenders provide encouragement. Practices discussed include systematic, formal planning, proactive branding, and leveraged operations.