Here’s some good news for entrepreneurs seeking financing: Big banks are starting to look more favorably on small business loans again. A growing number of large banks are taking a second look at small business loan applications that had previously been rejected, The Wall Street Journal reports.
In these “second look” programs, banks review rejected loan applications. Some banks are giving rejected applications a second look automatically; others will do so if the loan applicant requests it. Some banks focus on looking for credit report errors that may have hindered the applicant; others do a full review of the entire application package.
To read the full, original article click on this link: Are Small Business Loans Getting Easier to Obtain?
Author: Rieva Lesonsky
