Loans, optimism scarce for most small businesses

For entrepreneur Maurice Lopes, the plight of today’s small business owner is epitomized by a cartoon that depicts a bunch of people staring through the window of a bank, while a policeman swings a club to try to get them to disperse.

Lopes said the punch line read: “What’s the matter? Never seen somebody get a loan before?”

All joking aside, Lopes confessed it’s not a pretty picture for startups and small firms trying to raise what he called “gap funding” of less than $500,000 in the current economy.

 Earlier this year Lopes, a serial entrepreneur who also runs catering and dog-walking businesses, launched crowdfunding platform to try to fill the funding void.
Read More at Reuters
Sponsored Links by DQ Promote


Send this to a friend