As discussed in this article below, banks are still willing and able to make loans and lines of credit, however, managing risk is their main objective, see my comments along with those of my partners
New Equity in Action Series: Bank lines of credit: Still a long shot but not impossible
Late last year, I was successful in finding and negotiating an increased line of credit for a Consumer Based Product client.
Before I was hired, the Company was struggling with getting suppliers paid due to the strain on working capital as a result of increasing sales. The Company was operating with an SBA backed $350,000 line of credit that was clearly insufficient to fund their growth. … Read more >
Most business owners want to increase sales. Our goal is to assist in that area.
Business owners can usually increase sales significantly if they are allowed to spend time in what we at B2B CFO® call “Finding Activities.” Finding activities are those events that allow an owner to be a visionary, idea generator and a catalyst for change.… Read more >