Despite significant government stimulus to banks and lending institutions, small business lending is actually down over the past few years. So why is the banking industry not lending to small businesses during a period in our history when it is absolutely essential? The answer has a lot to do with credit worthiness. (Accounting Firms Servicing Small Businesses)
Banks claim it is hard to find qualified applicants and, for the most part, they believe the majority of small businesses simply are not credit worthy. And in this economy, banks are not willing to take a risk. As a result, business lending suffers. (Accounting for Small Businesses)
Robert C Olivieri, Jr CPA, a business and tax consultant for nearly 30 years, states that not lending to small business appears to be a form of "discrimination". In his opinion, society has it all backwords. The government and mortgage companies help those that do not deserve any help, yet the small business owner, who works 12 to 15 hours a days, gets nothing. Is that really fare? (Full Service CPA Accounting Firms)
Call us anytime at 215.550.3636 or email us at accountantontime@gmail.com for possible solutions to this apparent discriminatory situation. (Small Business Accounting Firms)
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