The State of Small Business Lending

Nice job by New York Times blogger Ami Kassar offering a proper perspective of the current state of small business lending.

Forget trying to do a start-up, unless it’s a franchise with solid outside collateral.

Interest rates are low for qualified borrowers.

Crowd funding, while promising, hasn’t found the proper model.

The one emerging trend I would have emphasized is “speed to market.” One of the reasons behind the rise of alternative lenders, merchant cash advance and microlenders, is due to the willingness of Main Street to trade higher interest rates for little paperwork and speedy funding.

Read the full Article by the NYTimes

Sorry about the errant emails yesterday afternoon and evening. We sent out Herndon confirmation registration information to our entire list by mistake. Just ignore them.

Check out this free webinar tomorrow offered by Boefly that in their “Understanding the Brand Leads to Better Underwriting” series.

The franchise “Bin There Dump That” is profiled tomorrow at 1 p.m. eastern.

Bob Coleman

Editor