Small-Business Lending Summit Features Obama Administration's Top Appointees, Elected Politicians and Industry Leaders
At the recent Small Business Lending Summit, franchising was cited as a popular path to entrepreneurship. But the difficulty that small-business owners face for financing is a challenge.
To provide the much-needed liquidity, the U. S. Small Business Administration is revising its CAPLine program to make lines of credit more acceptable to lenders and more available to small-business owners. However, banks would rather make conventional LOCs rather than hassle with some of the SBA's requirements.