5 years ago
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What Big Banks Don’t Want You to Know about Small Business Loans
Most big banks seem to be friendlier to small businesses in recent years. In 2014 alone, major banks lent around $45 billion to small business owners worldwide. While this number might seem to be a lot, it is down 38 percent from the high of $72 billion in 2006. With fewer business loans approved by banks, alternative funding sources try to fill in the gaps.
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I know that here in Canada, financing is the single biggest barrier start-ups have to scale up. It’s a huge problem.