CALL NOW!
(760) 203-4488
License #603J413

Small Business Lending Advice

Mitchell Weiss, an adjunct professor of finance for the Barney School of Business and who previously owned several commercial finance companies as well as worked as an executive officer at several banks, talks about small business lending.

The reason why small businesses are having a hard time securing bank funding these days is that banks are conflicted, according to Weiss. They need to make more loans since they have more deposits which actually are liabilities on the lender’s balance sheet. They also have receivables which are assets but they are also careful about what took place several years back.

According to Weiss the most common mistakes that small business owners make in applying for a loan is failure to fully prepare and failure to fully disclose. The preparation is simple. All you need to do is to understand the five C’s: Capital, Capacity, Collateral, Conditions, and Character.

Click here to read the full article.

Leave a Reply

You must be logged in to post a comment.

Back To Blog

GET STARTED: Financial Needs Inquiry Form
Fill out the short form below to get the ball rolling and we will contact you very shortly.

Member of NAELB

National Association of Equipment Leasing Brokers