Up until summer 2009, Ami Kassar was a nine-to-fiver, working for Advanta, one of the largest providers of credit cards to small business. But then the company went bust, another victim of the credit crisis, and the newly unemployed Mr. Kassar decided to strike out on his own.
He formed MultiFunding, a broker that helps arrange loans for small businesses. It was hardly an auspicious time to open any business, but Mr. Kassar’s challenge was particularly daunting: the freeze in small commercial loans was only beginning to thaw. Plus, business loan brokering has been a fairly obscure and even somewhat shadowy field — but one that Mr. Kassar says he believes serves a growing need.
To read the full, original article click on this link: Chief of MultiFunding Assesses Small-Business Credit Markets - NYTimes.com
Author: ROBB MANDELBAUM
