What Went Wrong With Small Business Finance Programs
By exploring what went wrong with commercial lenders and small business financing, business owners will be better prepared to avoid serious future problems with their working capital financing and commercial real estate financing. This is not a hypothetical issue for most commercial borrowers, particularly if they need help with determining practical small business finance choices that are available to them. Business owners should be prepared stutter maroon 5 for the banks and bankers who caused the recent financial chaos to say that nothing has gone wrong with commercial lending and even if it did everything is back to normal. It is hard to imagine how anything could be further from the truth. If small business owners and commercial lenders choose to ignore the many mistakes made by business lenders, as noted in a popular phrase we may be doomed to repeat these mistakes.
In evaluating the most serious business finance errors, massive greed is an inescapable theme among lending institutions. Negative results were unsurprisingly produced by an attempt to produce higher-than-normal returns and quick profits. The only people seemingly surprised by the devastating losses are the bankers swedish pancakes themselves. The largest small business lender in the United States (CIT Group) declared bankruptcy after two years of attempting to get someone else to pay for their mistakes. We are already seeing a record level of bank failures, and by most accounts many of the largest banks should have been allowed to fail but were instead supported by artificial government funding.
When making loans or buying securities such as those now referred to as toxic assets, there were many instances in which banks failed to look