The Small Business Lending Tool Every Community Lender Needs
There?s a certain satisfaction that comes from patronizing local businesses. They bring character, quality of life, and jobs to communities. Some become defining landmarks. That?s why financing small businesses hits the heart of where community banks can provide real, lasting value.
But, extending credit to small businesses isn?t always an easy decision. There are more than a few reasons why:
- Small businesses owners may possess a talent or trade, but not financial acumen.
- Small businesses may not have experienced financial professionals on-staff.
- New small businesses don?t have a proven track record of success.
- Small businesses can lack the collateral needed to secure a loan.
- Some small businesses have unbalanced revenue that...
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