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Are bailed out banks failing to help small businesses?
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Amnesia10
Legend
Joined: Fri Apr 24, 2009 2:02 am
Posts: 29240
Location: Guantanamo Bay (thanks bobbdobbs)
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_________________Do concentrate, 007... "You are gifted. Mine is bordering on seven seconds." https://www.dropbox.com/referrals/NTg5MzczNTkhttp://astore.amazon.co.uk/wwwx404couk-21
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| Tue Jun 29, 2010 4:51 pm |
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mikepgood
Doesn't have much of a life
Joined: Thu Apr 23, 2009 6:23 pm
Posts: 710
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I didn't have a problem about a year ago, when I wanted to borrow a largeish sum for business develompent. Rate very competative, quick to arrange. Did have a sound business model, a history (but not with them), and an asset as part colateral.
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No Apples were used in the making of this post.
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| Tue Jun 29, 2010 5:18 pm |
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Amnesia10
Legend
Joined: Fri Apr 24, 2009 2:02 am
Posts: 29240
Location: Guantanamo Bay (thanks bobbdobbs)
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Yes but you had collateral. Many have already put up their homes and have no more capital to put in. Banks are expecting higher rates now compared to a few years ago. 78% of all bank lending including business lending is linked to mortgages.
_________________Do concentrate, 007... "You are gifted. Mine is bordering on seven seconds." https://www.dropbox.com/referrals/NTg5MzczNTkhttp://astore.amazon.co.uk/wwwx404couk-21
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| Tue Jun 29, 2010 5:31 pm |
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