http://www.scorechicago.org Host Mark Goodman and Guest Meghan Kearns of Harris Bank discuss a specific small business start up. Meghan discusses what banks look for in borrower. She also notes what kinds of collateral a bank can use, and what does not qualify. In addition, Meghan and Mark discuss how collateral impacts the ability to qualify for an SBA Loan. Lastly, Megan offers some tips when building your business relationship with a bank. These are issues important to both new and current business owners. Recorded live on August 4, 2009.
This is a posting of the Hotline 21 shows done by SCORE Chicago and Mark E Goodman over the last few years.