Over the last few years we have heard ad nauseum about small business struggles with accessing capital for growth.
But, even harder hit then your typical Main Street business has been those companies that have yet to open their doors – Start-Up Businesses.
Start-ups have always struggled at getting capital before launching their businesses. They have no revenue, no real prospects, no assets and no brand name. In fact all they really have is a hope and a prayer.
Thus, no lender or investor in their right mind would touch a start-up business – and they usually don’t.
But, year in and year out, some 600,000 + new businesses are started each year; according to the Small Business Administration.