Although the economy is slowly improving and interest rates are low, large banks are doing less small business lending – thereby leaving many SoCal executives wondering how they can meet their small business financing challenges
New federal lending regulations put in place to prevent another financial crisis plus tighter underwriting criteria are making it more difficult for small businesses to find the financing they need to invest in and grow their businesses.
Reviewed in this week’s full PDF…
…are how large banks are making fewer small business loans, as well as how six financing alternatives can be viable ways to secure needed funds.
Searching for and meeting with a number of alternative resources can be a lengthy and time-consuming process, so Los Angeles and Southern California executives looking at alternatives to loans from large banks can benefit from talking with an outsourced CFO services provider who draws on many years of experience evaluating and recommending the right loan option.
A CFO services provider can also help bring order to financial information and reporting – and then develop a professional financing presentation to improve the likelihood of securing a desired loan.