After being turned away so many times in the past, particularly since the 2008 financial crisis now nick-named as the Great Recession, a now historic occasion that was clearly not the fault of the aspirant small business owner or entrepreneur, that old familiar saying by the wise king; neither a borrower nor a lender be, tends to ring hollower but louder. And it can be quite depressing and de-motivating to be turned down so many times, so much so that the young millennial or recently retired gentleman may be tempted to just give it all up.
But no, that does not happen. And thank goodness for that. And in any event, what are people supposed to do without a steady stream of income? How are they to survive? And these days, more and more doors are being closed in the formal job sectors. So, men and women of all ages and from all walks of life have no alternative but to try their hand at a small business, something which you will find your state and federal governments now supporting wholeheartedly.
But still no funds are forthcoming. Especially for those who burnt their fingers off before, figuratively speaking of course, banks and institutions are still reluctant to come forward with the finances required to stock an inventory or equip a workshop. Fortunately, office and equipment financing is now being made available through unconventional but legal and state and federally approved means. And there are a number of benefits and advantages for the small business owner or entrepreneur who is aided and abetted with this capital stream.
Interest rates and terms and conditions being set by these micro-financiers are indeed business friendly with both state and federal institutions providing caps and controls thereon.