It is all too common in 2012 that entrepreneurs and business owners have a great company that is making a profit in difficult economic times, and yet the traditional financial institutions reject an application for a loan. Reasons for needing the loan vary from buying more stock to increasing marketing expenditure to buying bigger premises.
This isn’t just a problem in the USA or the UK, but worldwide. As banks try to purge their balance sheets of toxic debts, rules of lending have become more stringent, and even a business with a great credit rating may struggle to get the go-ahead from its lender.
To read the original article: How Do I Expand When I Can’t Get Money From the Bank?
