Small businesses seek funding at alternative sources

11/3/2009 | Chicago Tribune (tiered subscription model)

Small businesses are seeking out nonbank sources of lending. Some go to organizations such as the Industrial Council of Nearwest Chicago's Illinois Small Business Development Center, which has a revolving loan fund. "When credit was easily accessible and cheap, no one came to us for it. Now we're starting to see people need alternative financing again," Director Denise Ching says. Other small businesses look to private services such as factoring to get financial help.

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