Money may be a headache for entrepreneurs as they start their businesses or try to expand. Crain’s New York Business reports that small business are seeking new sources when big banks turn them away or limit their credit lines.
Why Banks are Bad for New Entrepreneurs
June 20, 2012 By 1 Comment
Why would a new venture want to avoid banks? After all, won’t you need a bank to secure much needed credit lines and other forms of funding? Does not conventional wisdom say your banker should be one of your closest advisors along with your attorney and your accountant? Let’s add this to the growing list of entrepreneurial myths.
