5 Realities of Small Business Loans

This is a great time to start a small business!  The Recovery Act has provided more funds for the Small Business Administration and higher loan guarantee amounts.  And banks are still lending, if you have the right qualifications (a high credit score, collateral, and a great business plan).  In the photo, Ben Spearing assembles a baby stroller as his wife, Billie Jo, unpacks a wheel as they prepare for the opening of their baby store in Costa Mesa, California, in April. (Paul Rodriguez/Orange County Register/MCT)
But the realities of getting a small business loan haven’t changed. Here’s what I mean:
Reality …read more