Small Business Today Magazine DEC 2014 NOUN INVESTMENTS | Page 38

»Continued From Page 27

Facing the Challenge of Financing a
Small Business Startup

Finally, the lender will consider the collateral offered
for the loan.  Many new businesses are started without
significant assets that can be offered for collateral.  If the
borrower has no available personal assets to pledge for
collateral, this makes the loan application process even
more challenging. Conventional bank lenders often have
policies limiting loans to businesses which are at least
two years old.  For them, they would