When the economy is slow and big business is experiencing ongoing pressures from globalization and other factors, entrepreneurs and new businesses are the fuel which keeps the economy chugging along. Small business is the critical element in energizing (or re-energizing) the nation’s economy, yet access to the credit and financing necessary to support and grow these businesses is increasingly more difficult to obtain with every new year that passes. With the bursting of the housing bubble, lenders and financial institutions were reeling from the impacts of lax underwriting and volumes of underperforming loans, making it even more difficult for small business borrowers to rely on these “legacy” lenders.
- See more at: http://expertadvice.biz2credit.com/2013/07/30/the-small-business-borrower/#sthash.KvUOMGs8.dpuf
The Small Business Borrower
Posted by joaniemann9 under FinanceFrom http://expertadvice.biz2credit.com 3943 days ago
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