Credit has never been easy for small businesses. Most small firms have always relied on savings, credit cards, family and friends, angel investors and other forms of alternative financing to build their dreams.
Things certainly don't look any different in 2009. In fact, with many businesses bottom lines shrinking and banks in a cautious mood, capital from banks may be more difficult than ever to obtain. Small businesses will have to be more creative searching for financing more flexible when it comes to alternative sources such as factoring and batering.
Click here to read an interesting article on the lending outlook.