Thomas Setteducati

If you are looking for a small business loan, there are several ways you can go about locating the right source. The clearest options break down into two distinguishable categories. These options have existed since the invention of business and loans, which happened pretty much at the same time, coincidentally, if you believe in that sort of thing.

The Hard Way:
The first is the “hard way.” Hard-way financial source hunting involves taking hours out of your day-to-day role as a small business owner and decision-maker who keeps the lights on to play hide and seek. Yes, that is the game played by most bankers who provide you with list after list of hard to locate items of obscure information from your personal and business past. They may also play “higher or lower” using interest rates as opposed to playing cards based on the desperation of need or tolerance level you can handle with their routine. Just when you think it is finally over, they have another board meeting or two and come up with a way to nibble out a few more fees or interest somewhere inside the loan. If this type of process makes you feel like sitting on the couch in your pajamas and putting up your home as collateral like the commercials of fee-charging grand champions, then you are playing right. Either way, it is considered a best business practice to wear loose fitting attire to necessitate plenty of forward bending during the entire process.

The Easy Way:
Hire an expert in small business lending.