Tip: Landing A Small Business Loan

If you've tried to get a loan to start a small business, you know the process can be akin to root canal on the pleasure scale--particularly if you've made the rounds of banks, business plan in hand, only to be told that you somehow or another don't qualify. Relax--it's not necessarily your fault, particularly if you're only requesting a modest amount. The reason often is large banks don't want to devote time and resources to considering and administering what they consider picayune small business loans. Boost your chances by focusing on smaller, more localized and regional banks. Since their scale is smaller, they're likely to pay more attention to start up funding requests.

Jeff