Not exact matches
Another factor that's not helping the
lending environment for
small business owners is that transactions costs
to process these types of loans are comparable
to larger commercial loans, but
without the payoff.
The appeal of the 401 (k) financing strategy is pretty obvious in this economic climate - a bad
small business -
lending environment, lots of people with
business skills in the unemployment line, a way
to seize control of your retirement funds
without penalty - but it truly is a matter of betting your future on the present.
Without this backing guarantee, banks would see
small business lending as too risky and elect not
to loan the prospective entrepreneur money, stifling
small business.