by Meredith Wood – BPlans Weekly
Are the days of driving to your local bank for a business loan long gone?
Not only are community banks getting eaten up by the big banks, but bank lending to small businesses is at an abysmally low rate. If you’re a small business owner, and you walk into a bank asking for a loan, you have nearly an 80% chance of getting denied.
Instead of drowning in the depressing statistics, let’s take a look at why this drop in small business bank lending is happening.
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