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The Small Business Finance Revolution

Ten years ago, the financing options for a small business, such as a salon or restaurant were fairly straightforward, though not always easily accessed. A business would go to a bank or credit union and apply for a loan. If the application was denied, for most businesses there was only a limited range of secondary options to consider: credit cards or microloans (though they were not well known at the time). Today the picture is very different, with some bad news and some good.

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Read the article by Gwendy Brown, Vice President of Policy and Evaluation, and Eric Weaver, Founder and Senior Advisor, was originally published in Community Investments, Winter 2014/2015 – Volume 26, Number 3.

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