Every day Main Street businesses wrestle with the challenge of finding the cash to finance
growth or use as working capital. The local banker often wants a credit score of 720 three or
more years in business and a fat savings account. No wonder local bankers approve only 10% of
loan applications. Getting a Business Loan: Financing Your Main Street Business shares
something your local banker might not want you to know-small business owners have options. And
this book describes those alternative lending sources in detail as well as traditional sources
of funding like banks and credit unions. Half of all business startups don't make past their
fifth birthday-and often because they can't find the financing required to sustain their
operations. Whether you own a small restaurant a bicycle shop a hardware store a small
manufacturing company or a service business Getting a Business Loan offers easy-to-understand
descriptions of loan options that can keep you going as well as practical advice on where to
look for money and how to apply. What would you do with an extra $40 000? Expand your
restaurant? Hire a new employee to fulfill a new contract? Buy a needed piece of equipment?
Getting a Business Loan will: Detail how bankers look at you and your loan application Explain
the menu of non-bank financing options available to business owners like asset-based lending
factoring merchant cash advance local hard money and more Show how to locate potential
lenders via the Internet and other means Show how to prepare before you visit the lender or
fill out an application Main Street businesses aren't limited by the local bank's footprint any
more. There are people and institutions all across the country that lend money to small
business owners. If you want to find the money you need to strengthen and expand your business
Getting aBusiness Loan will show you how.