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|Below you will find some information that should be general enough
to get specific information about the avenues open to you as a small business
Credit is the lifeblood of American business.It helps an entrepreneur get
started, purchase equipment, build inventory, develop new lines of merchandise
or expand. Credit helps businesses grow.
Surveys have found that, aside from personal savings, banks are the major
source of capital for starting new firms. According to a report by the National
Federation of Independent Business, 85% of loans to operating small businesses
come from banks.
If your small business needs financing, you need to begin preparing long before
you enter the bank. By knowing what lenders are looking for, you can speed
lender consideration of your application.