I'm still young but what I have taught in business school and what I see is much different. Small business loans for start-up corporations are simple - low risk options for banks and most should qualify with a business plan. Unfortunately I see no clear answers. I see a government placing their funding options in to a banks hands that acts as a middleman. I can see why they believe this to be a private banks responsibility, but I do not agree as answers are almost always unclear. What I know is bank lending for business has little to nothing to do with personal credit unless your business plan consist of a salary of less then 50,000 dollars out of your companies profit, Sole proprietorship. I can guarantee you this to even think in such a manor makes you not qualified for a business loan. Unfortunately those whom I've dealt with have given me no clear answers and I still feel not as confident as I should walking in to a bank. Obviously, they don't need to give me a loan, but to act responsible on behalf of the American Fundamental Economic System they should. A simple 101. Banks issue small business loans to start-up corporations as they are likely to at least break-even. In the instance your company folds you have trained yourself and others in business and are more than likely qualified to be hired by a larger firm. Do not get tied down to one idea.
As banks have divided their allocation of money through independent licensed banks it makes this much more subjective with more channels to run through and more of a buddy to buddy relationship. Which for the banker doesn't mean much as he is guided what to do but as a business owner we all know personal ties can have a negative baring on our oversight and insight.
Nicholas Cristella Decisive Decision Marketing, LLC
