Now that the economy has basically flat lined, banks are getting smarter about how they give loans. If they had had such practices BEFORE the decline, we wouldn’t be in as big of a mess now!! But, that is water under the bridge, nothing we can do about it now.
I’m sure there were some asset based lenders out there, but definitely not enough. They know their stuff!! I think that going through one of these is probably your best bet, especially for undercapitalized businesses.
Makes me think twice about letting my AVON business go. At one time I was thinking about leasing a small space to sell my product out of…oh well, like I said, water under the bridge…
Hi Jo-have a good rest of the weekend
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