Funding Options for Small Business

We received an interesting article this morning that according to a report published this quarter by Pepperdine University, 28% of small businesses are planning to raise new financing in the coming six months. The report also states that 68% of respondents characterize the current environment as difficult for raising new financing. Only 33% of those who applied for business loans with a bank have been successful, compared with 40% in the first quarter. The application-to-loan ratio is alarmingly low.

What many of these businesses may not realize is that the financing options available to them have actually been steadily increasing with products that offer new levels of flexibility.

If you have ever wondered if you are bankable, capable of getting a bank loan, Inland Empire Small Business Development Center in cooperation with Gene Valdez of Pacific Mercantile Bank bring the opportunity to have that question answered.

Each second Wednesday of the month in the Ontario office, Mr. Valdez will meet with SBDC clients to review funding options.  To find out more, call the Inland Empire SBDC at 951-781-2345


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