[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:
Mentor Capital is well poised to become a significant participant in the expanding medical sector of Cancer Immunotherapy, an emerging approach to overcome the historic medical nemesis of Cancer. This is starting with MNTR's initial $2.2 million or 20% investment in Quantum Immunologics, Inc. (QI), a private company. The QI agreement contemplates "there is potential for significantly increased investment, or even merger of the Parties."
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