But it's a good short - term solution, when most of your short - term assets are tied to accounts receivable, that lets you avoid the
lengthy bank loan application.
With banks employing more conservative lending policies (fewer than 20 % of all
business bank loan applications are approved, and that percentage is even lower for new businesses without an established financial history) business owners are relegated to finding working capital elsewhere.
But it's a good short - term solution, when most of your short - term assets are tied to accounts receivable, that lets you avoid the
lengthy bank loan application.
Gonzalez, a former city bus driver who was born in Puerto Rico, was first elected to the Senate in 1989 when he won a special election to fill the seat of Sen. Isreal Ruiz, who was convicted of falsifying
a bank loan application.