Tough Times Financing Small Businesses

Tough Times Financing Small Businesses

Probably the toughest part of starting and running a small business--getting financing--has gotten even harder in recent years. We talk about the options out there for entrepreneurs trying to build a business in tough times.

Probably the toughest part of starting and running a small business--convincing a bank to loan you money--has gotten even harder in recent years. Banks have tightened credit, and loans to small businesses are down to a trickle. Minority businesses are even harder hit, getting turned down more often and facing less favorable loan terms--if they can get credit. We talk about the options out there for entrepreneurs trying to build a business in tough times.

Guests

Bridget Bean

District Director, Washington Metro Area Small Business Administration; Acting Regional Administrator

Bryant Ruiz Switzky

Senior Staff Reporter, Washington Business Journal

Bill Cheney

CEO, Credit Union National Association

Nicholas Stewart

Director of Finance, New World Development Group

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The Kojo Nnamdi Show is produced by member-supported WAMU 88.5 in Washington DC.