To all businessmen, Read this.
Small business owners are getting frustrated with the banks. Don’t think that a small business owner does not generate revenues. Small business owners by alternative finance companies have been defined as those businesses who generate from $100,000 to $10,000,000 in annual revenues. You have some strong cash flow businesses in that category.
To hear some small-business owners talk, getting a loan remains all but impossible. And yet, many bankers claim that their small-business loan volume is up significantly. So, is the small-business credit crisis over or not?
In reality, it is not. The fact of the matter is that the guidelines at the banks remain impossible. Managing Director, for Lendinero Gil Zapata explains what currently happen to one of his clients.
“Recently, we felt that we had a client that we could take to a local community bank to obtain traditional financing. The company use to generate $10 Million of…
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