Friday, May 29, 2009

A small business tip - credit under tight circumstances

[Click on the following for Link to External Article]

http://www.inc.com/magazine/20090501/loans-you-pay-every-day.html

This may not necessary apply to your medical device company, but it may apply to small businesses anyway. After having caused the financial "crisis", and been mildly punished, credit card companies are now pouting, raising interest rates, and in many cases simply shutting down credit to small businesses and individuals alike.

On Deck Capital is not necessarily your knight in shining armor, but at least it is a better alternative when capital runs dry.

I am not planning to re-hash the article here, because this is not that kinda blog :)

Go ahead and read the article, and be aware of the pitfalls, but do not take it from the banks - look for alternatives.

May your business live long and prosper....

1 comment:

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