business secret blog

The good news: Most manufacturing companies expect growth opportunities in the coming 12 months. As banks pull back more traditional commercial-and-industrial lending, they are no longer willing to lend even to small businesses with solid financials. So where should smaller manufacturing companies go to get the financing they need? Today, it remains about as difficult as when the financial crisis first began to unfold. This is because there is already a Small Business 0 100 well-developed market for alternative lending that can provide working capital for small businesses with assets. Today, small business financing is affordable, offers flexible loan structures, and can provide the borrowing power that cash-flow lending alone may no longer be able to supply. Help for small business lending is not on the way: it’s already here. Our small business loans are priced competitively with cash-flow loans, and come with fewer financial covenants. According to the 2010 CFO Outlook, published by Bank of America, 69% of manufacturing company CFOs are considering financing in 2010, up significantly from last year. According to the 2009 Year-End Economic Report published by the National Small Business Association, 39% of small businesses report they are unable to get adequate financing for their business.