Despite recent moves by the Obama administration to loosen bank lending to small businesses, it still can be tricky to get a loan. But, it's not impossible, especially for firms with a healthy balance sheet.
“If the owner has a strong credit history, the company has been in business for a number of years and revenues and profits are on the rise, you can get a loan or a credit line,” says Ken Gaebler, principal of Walker Sands, a Chicago-based marketing and web design company that just received a $75,000 line of credit.
Yet, you’ll have to jump through at least a few hoops before you get approved.
Go here to find out all you need to know.