The Small Business Finance Revolution
Ten years ago, the financing options for a small business, such as a salon or restaurant were fairly straightforward, though not always easily accessed. A business would go to a bank or credit union and apply for a loan. If the application was denied, for most businesses there was only a limited range of secondary options to consider: credit cards or microloans (though they were not well known at the time). Today the picture is very different, with some bad news and some good.
Read the article by Gwendy Brown, Vice President of Policy and Evaluation, and Eric Weaver, Founder and Senior Advisor, was originally published in Community Investments, Winter 2014/2015 – Volume 26, Number 3.