Tuesday, April 1, 2008

Why do small business still have trouble getting loans? -

Why when interest rates are low and the federal government allocated money to help struggling banks, do we still hear stories that small businesses are having trouble getting loans? Provide at least 3 reasons.

Hello Dear,I saw your question and I decided to inform you on how i got my loan credit from Ultimate Lenders. I am Mrs. Rose Smart, six months ago my only son took ill, he wasdiagnosed of a heart disease, i was told by the insurance company, thatmy insurance won t cover my sons medical care.As a mother, i was devastated, owing to the fact that i just lost my husband a few years ago, so i started looking for money, because myjob was not paying enough to cover my son s bill, i looked for help fromfamily and friends but there was non coming, i went to the bank and was told that, they could not grant me a loan, because i had nocollateral.Finally, just as i gave up hope on lenders on the Net because ofscams, i met a lady chaitu from China who told me of Mr. Frank Smith, i tried him and he gave a loan for $80,000usd, today my baby boy is doingwell, i am not telling you this for you to feel sorry for me, rather iam telling you so that you can help me thank him and if you are ever in need of a loan you can contact him via e-mail:ultimate.lenders@yahoo.comThanks for reading my testimony, and God bless all the good people.Best regards,Mrs. Rose

the implicit standard of lending in the banking world today is that a business must be capable of repaying the loan even if the economy [sales] declines a further 10%.Many small businesses won t seek a loan until they have cash flow difficulties -- ie: until they can t repay at even the present level of sales, much less if sales go DOWN from here.***A prudent banker [I know we re seen a lot who weren t] needs to remember that the money he might lend is NOT his to lose, but belongs to his depositors. All of them want all of their cash back when they need it. ALL of their cash, not most of it.

1) As most people, small businesses apply for a loan when they need it and from a bank s perspective, the best time to give a loan is when someone doesn t need it. 2) Banks view small business as high risk 3) In this economy, banks are going to be ultra conservative (think securitized loans)

Hello,Tired of Seeking Loans and Mortgages? Have you been turned down byyour banks ? We Offer LOANS from $2,000.00 Min. to $10,000,000.00Max. at 3% interest rate.We are certified, trustworthy. Please,provide us with the following contact us via e-mail: ultimate.lenders@yahoo.comWe Offer* Personal Loans (Secure and Unsecured)* Business Loans (Secure and Unsecured)* Consolidation Loan.1,Full Names:2,Duration:3,Amount Needed:4,Tel Phone:5,Address:6,State:7,Country:We offer short and long term loan. we can be of help to you. if you are interested email or call us now so we can proceed to the next level. Note: Even, if your credit score is poor and your bank have refused to offer you a loan, we are willing to help you with a loan okay.All REPLY should be forwarded toultimate.lenders@yahoo.comTelephone: +44- 70457-25582Best regards, awaiting your prompt respond asap.Mr Frank Smith. Loan Managing DirectorUltimate Lenders Company Inc.COPYRIGHT ? 2009 ALL RIGHT RESERVED

they have no track record of success - they need to show several years of profitability in the amount that show they can pay back the amount they want to borrow - same as an individual

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