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Hungry for Cash
The present article under the headline „Hungry for Cash” is published in the website www.businessweek.com on 26th October 2007.
In the introductory part the author touches upon his want to establish the restaurant and obtain the loan. The author goes on telling about the increase in rejections of the possibility to get a loan. He gives some interesting figures on the rate of business creation from 2002 till 2006. Further on the author discusses unfairness and discrimination for new small companies which can not enforce their plans, adding different views of professionals in banking sphere. On the other hand, he provides the information about place where 90% of loans approved by organization in Santa Ana that lands to small companies, are backed in part by the borrower’s residential real estate.
The author concludes by quotation of David Hsu: “A good business idea will thrive in any climate.…
- Hungry for Cash
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