Kingston, Jamaica: Tax & Accounting:Auditors,Accounting Software, Accountants,UHY: "Most small businesses will, at some point in their life, go to a bank or other lending institution to borrow money for expansion of their operation. Many small business owners, however, initially fall victim to several of the common and potentially destructive myths that concern applying for loans. For example, first-time borrowers commonly believe...
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Lenders are lined up and eager to provide money to small businesses.
Banks are willing sources of financing for start-up businesses.
Loans are obtained by talking the lender out of funds.
When it comes to seeking money, the company speaks for itself.
A bank, is a bank, is a bank, and all banks are cold, impersonal institutions.
Banks, especially large ones, do not need and really do not want the business of a small firm.
Research shows that 67 percent of all small businesses that borrow money get that money from commercial banks. This places banks among the largest sources of credit; and makes them one of the most vital components to small business survival. Understanding what your bank wants, and how to properly approach them, can mean the difference between getting your money for expansion and having to scrape through finding cash from other sources."
'via Blog this'
doors.jpg)
Lenders are lined up and eager to provide money to small businesses.
Banks are willing sources of financing for start-up businesses.
Loans are obtained by talking the lender out of funds.
When it comes to seeking money, the company speaks for itself.
A bank, is a bank, is a bank, and all banks are cold, impersonal institutions.
Banks, especially large ones, do not need and really do not want the business of a small firm.
Research shows that 67 percent of all small businesses that borrow money get that money from commercial banks. This places banks among the largest sources of credit; and makes them one of the most vital components to small business survival. Understanding what your bank wants, and how to properly approach them, can mean the difference between getting your money for expansion and having to scrape through finding cash from other sources."
'via Blog this'
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