Date Added: Jun 2010
In a time when people are finding it hard to make ends meet, businesses are falling by the wayside. With money for operations hard to come by, many businesses are looking for alternate sources of business loans that were not available as readily a few years ago. Traditionally, money was borrowed from banks and the bank made their profit on the interest that was paid by the borrower for the privilege of working with them. Credit scores had to be high for business owners to get the money they needed for everything from payroll to inventory and collateral was often required to secure the loan.