Where is the Funding for Small Businesses in America?
As the United States economy struggles to rebound from the collapse in
2009 and subsequent recession, finding sources of funding for a small
business isn’t quite as easy as it once was. The lending climate for
small businesses in America is still in a bit of disarray, according to
an article by the Washington Post.
The article shows that federal officials, lenders and business owners
aren’t in complete agreement about the availability of traditional
financing to today’s small business owner.The Small Business Administration is touting an increase in funding for small business, but even a $70 million dollar bump in the Impact Investment Fund doesn’t stretch very far among the many applicants looking for resources. While conventional funding for small business is a bit more elusive than in years past, there is still funding to be found for the creative entrepreneur who’s not afraid to think outside of the proverbial box. Whether you’re looking for financing to expand your business or just to keep the operation running through a rough patch, there may be more funding options out there than you realize. Creative funding programs have risen out of the ashes of the 2009 collapse. Also referred to as “alternative financing”, here are some examples…
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