Small business owners in Hamilton County could be at risk of a national trend involving business loans. Unless you own a business with a strong, consistent cash flow and years of financial statements to offer to lenders, getting a business loan from a bank can be a daunting experience that frequently ends with a rejection.
Businesses across the country have been brought to the brink of financial ruin by creditors who at first came to them with offers of loans to help them. Whether to improve cash flow or to expand market share, an infusion of money into a small business can look like a great opportunity. The problem is that too much debt or debt with high interest rates and unfavorable credit terms can leave a business struggling.