Monday, August 13, 2007

Getting a Business Loan: Not That Hard

I promise that I'll blog about something besides the subprime meltdown soon, but it's certainly the story of the moment in the financial world.

If you're an entrepreneur in the Kansas City area, will the credit crunch kill your loan? Actually, probably not.

The real credit crunch in the commercial world right now is for companies trying to buy companies. For the entrepreneur who wants to buy a six-plex or a gas station, those loans are still out there. For now.

As always, you need to pull the trigger on a deal sooner rather than later, because who knows what tomorrow is going to bring. Anyone trying to predict the future right now is going to have some sleepless nights.

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