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12-26-2013, 10:58 AM #1A forum user
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Non-bank lending progress?
Woman needs business loan...
Bank of America says no
Finds alternative
Process takes 10 months
Paperwork was a nightmare
Loan gets approved
Loan personally guaranteed and collateralized against her cars and her home
Story headline is "Expanded Small Business Lending Holds Promise"
Granted, it was a startup restaurant but if people think that is progress, they are insane.
From:
http://www.newsday.com/business/expa...mise-1.6675128
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12-26-2013, 11:18 AM #2Senior Member
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good point!
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