"A bank is a place that will lend you money if you can prove you don't need it."
Bob Hope
Comedian
Comedian
The humor in this would not have been obvious just a few short years ago, but today?
So, if you're just starting your business and need money, where will you go?
Is it really all that bad that banks will not likely prove to be a good source?
So, if you're just starting your business and need money, where will you go?
Is it really all that bad that banks will not likely prove to be a good source?
Is it bad? Hell yes it is. I have a great idea and the plan to back it up but no way my bank will even listen to me.
ReplyDeleteWhen I asked if it is really bad if banks prove not to be a good source of funds for start-ups, I'm mean in light of whatever terms they would want to impose on the deal.
ReplyDeleteSome people finance their new business with 25% APR credit card debt. Should they?
Just about everything in life, and all things worth anything, come with conditions. If you want it you have to pay for it.
ReplyDeleteAnd isn't it a bit ironic that many of those who complained about banks being too fast and loose in terms of who they loaned money to, are now the same people complaining about banks not loaning enough money?