Why Getting A Small Business Loan Can Be Difficult- Ventury Capital

Posted by fsu under Raising Capital
From http://venturycapital.com 3392 days ago

Most business owners do the same thing when it comes to financing: collect a bunch of documents, go to their local bank……and pray.

While going to a traditional lending institution can offer some great products, it’s certainly not the best avenue for business owners looking to access capital.

In the modern world, businesses that are strapped for cash or growing rapidly, need cash quickly.

But traditional banks don’t have the key ingredient that business owners need; Quick turn time

Many times business owners can spend several hours collecting their documents a bank may require and then wait 10 days for the bank to pull their credit (no joke).