After a very difficult year in the business lending marketing, 2010 has a brighter outlook. The latest report from the federal reserve shows increased volume and still competitive rates. Underwriting standards remain challenging, but those who have a good relationship with their banker are more likely to get credit in 2010 than they did in 2009.
If you are struggling to get financing, check out the link to the book on the right of your screen. It has been a great asset for many of this site’s visitors and contains plenty of actionable information.
Also, if you’re considering financing this year, spend a little time with our business loan calculator to get more acquainted with the rates and terms you may be considering.
Thanks for stopping by and have a prosperous 2010!
