As we all know, in today’s environment it’s difficult to get business loans. There are companies out there designed to help get the cash you need.
The problem is, your business could end up paying thousands without a guarantee you’ll ever land that financial loan.
Small-business lending and the use of existing lines of credit are showing small increases. This isn’t a sign of a breakthrough though with credit growth much slower than in past recoveries.
Actual approval rates have gone down to 55% from 69% over the course of the year.
The Secured Lender invites you to eavesdrop on a conversation taking place between several industry players about a different topic each issue. Pull up a chair and get ready to find out what Paragon Financial’s own Jon Anselma, along with Steven Johnson and George Shapiro, have to say about issues facing entrepreneurial lenders in today’s economic environment.
As a small business, do you have accounts you extend credit to? Collecting receivables can often be one of the most difficult tasks a small business can face.
Check out this excellent post for some common sense advice on getting paid.