Living in the United States for the past 10 years has seen many affected by one of the harshest boom and bust cycles in a lifetime. Not since the depression has there been a scenario where so much wealth was lost after being gained over such a short period of time. At one point, times for financing were easy, and banks had their doors open to pretty much anyone who required capital.
But now, sadly, that has all changed. Banks themselves are suffering from a serious lack of capital, and the small business owner has suffered as a result. In an attempt to provide credit relief to many small business owners like Glen Markstrom of San Diego's All Clear Tree Service, equipment leasing companies have begun to work directly with many entrepreneurs.
"I never really considered leasing before," says Markstrom, whose tree service company has won local awards. "Leasing did end up saving my bacon when the banks let me down. It's nice to know there are options." (more…)
Small Businesses Get Smart With Creative Financing was first published to https://www.keatingeconomics.com
source https://www.keatingeconomics.com/small-businesses-get-smart-with-creative-financing/
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