08 Jul '11, 1am

[Infographic] The Truth Behind Small Business Lending

If you’re wondering about how small business view bank loans, this infographic from Chicago, Illinois-based credit card processing fee comparison engine FeeFighters shows that only 42-percent of small businesses see bank loans as a viable financing option. The number is quite similar to a recent Pepperdine University’s Graziadio School of Business and Management study, that shows approximately 48-percent of the 1,221 privately-held businesses that responded to its survey target bank loans as a source of funding : According to FeeFighters CEO and co-founder Sean Harper, there are a few reasons why small business owners find it difficult to obtain a bank loan: Evaluating small business credit is very difficult – there does not exist a reliable business credit score. With the exception of credit cards, business loans are now sold mainly face-to-face and also involve an underw...

Full article: http://www.youngupstarts.com/2011/07/08/infographic-the-t...

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