The turbulent economy has been particularly difficult for every business, but no one has felt the crunch more then the Main Street Business owner. With the banks still unwilling to lend, small business owners need to find other ways to get the cash they need to run their business, but what are those options? And at what cost?
Prior to the sub-prime meltdown it was relatively easy for the local business to access cash, they could just go to their local bank and get a line of credit on not much more than their signature. This quick injection of cash would allow them to purchase the inventory they needed, buy equipment and make payroll. But today those options simply do not exist anymore for most businesses, so now the local pizza parlor, dry cleaner and auto repair shop have to look elsewhere to get the financing they require to stay above water. Continue reading ‘Options For the Credit Challenged Business Owner’ »