I often joke with my banking friends, “The only time you lend money is when a business doesn’t need it because if they show that they need it you won’t lend to them.” This isn’t totally true but more often than not it seems that way. Doesn’t it? What is important in this statement? The [...]
Archive for September 2010
How do you position your business to access a loan?
Sep 1st, 2010 | By Ernie Brown | Category: LoansDeal of the Month: When alternative financing comes to the rescue …
Sep 1st, 2010 | By Ernie Brown | Category: Alternative Financing, Deal of the MonthA staffing company challenged with a short time in business and running just short of the break-even point, had the opportunity to acquire a larger staffing company and put their company on the map and into the black. However, a minor problem arose: After talking to every bank they could think of, no one would [...]
