Obama wants banks to give more small business loans, but will that really help you?

by Beth Schoenfeldt | 2/08/10 | 12:58pm

Small business loans are hard to come and very risky, if you are starting or growing a small business you as the founder have to put up something as collateral, in many cases your home. That means if your business goes bust you may loose your home.

If you ARE looking to get a loan from a bank this CNN article describes what you'll need before a bank even looks at you.

http://money.cnn.com/2010/02/03/pf/saving/Start-a-small-business/index.htm?section=money_latest&utm_source=twitterfeed&utm_medium=twitter

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