Why banks might not want to fund your new business idea

02/13/2014 | Bloomberg Businessweek

Banks traditionally look for a track record when judging creditworthiness, so it's extremely difficult to secure a loan to launch a new business, Karen Klein writes. For this reason, many new entrepreneurs rely on savings and credit cards, but there are alternatives. These include specialized loan programs and nonprofit microlenders.

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Bloomberg Businessweek

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