Creative loan help for mom and pops

Betty Hayes , Texarkana Arkansas 71854 — Wed, 04 Mar 2009 19:51:42 GMT

I own a small constrution business will it help me

Creative loan help for mom and pops

Mike — Wed, 04 Mar 2009 21:10:18 GMT

I'm surprised that P2P Lenders weren't mentioned as well. Sites like Lending Club are a great alternative to mainstream funding for small businesses. Here's a link to their site:

http://www.jdoqocy.com/ot114gv30v2ILRKKLKRIKJORKROR

Creative loan help for mom and pops

Bryan Stevens, Avon, Ohio — Thu, 05 Mar 2009 18:25:29 GMT

The real problem today is lack of working capital for small businesses. We spoke with a source the other day and once the effective rate was calculated its was 35%. Factoring and asset based loans are acceptable for manufacturing and some distribution businesses but BEWARE - the overall effective rates will around 30% or higher plus the fees are high.

Many small businesses simply cannot use these traditional sources of funding. We lack creativity in Washington DC to create programs that provide adequate capital.

What needs to happen now is more work by the banks on the loans in trouble. They can and should offer some type of re-amortization of the loan, provide some additional working capital and possible a deferment. Using these traditional sources are an option but you need to understand them completely.

If anyone is interested in some assistance get back to me at bstevens@businessborrowersalliance.org

Creative loan help for mom and pops

Irene Arnone Boynton Beach Fl — Fri, 06 Mar 2009 01:17:01 GMT

can you please tell me how do i get the paper work to file....

Creative loan help for mom and pops

Richard Rozzero RI — Mon, 09 Mar 2009 19:13:11 GMT

I have started a mechanical company and i am getting a lot of work coming my way but i do not have the money to buy materials and it is holding me back. What can i do?