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Is it easier to get financed for a well established business? |
Is it easier to get financed for a well established business? It is much easier to get financed for a well established business because financiers look for collateral, a credit history, and a proven net income for means of repayment, just like they do when you want to borrow for, say a home. yes Obviously yes. yes i beleive it is Banks dont loan to small businesses. When you go in the bank and make a deposit, you expect to get it back when you write a check or go to the ATM. Bank loans to small businesses with no track record means YOUR MONEY disappears. Bank loans to established businesses with a track record means YOUR MONEY EARNS. |
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