How can you start a business if you don’t have enough collateral to get the loan approved?
Debbie D asked:
If someone is trying to start a small business in this economy it is harder than it used to be. According to the banks, and credit unions the bad economy has limited the loans available for startup funds. And you have to provide a higher percentage of collateral for the loan. Even if you could qualify for a minority loan under normal circumstances it is more difficult now. How can you start your own business if you can’t gett the funds to get it off the ground?
If someone is trying to start a small business in this economy it is harder than it used to be. According to the banks, and credit unions the bad economy has limited the loans available for startup funds. And you have to provide a higher percentage of collateral for the loan. Even if you could qualify for a minority loan under normal circumstances it is more difficult now. How can you start your own business if you can’t gett the funds to get it off the ground?
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