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Desperate for capital, small businesses turn to private lenders

Business owners turned down by banks are taking out ‘hard money’ loans, often at sky-high interest rates. By Sharon Bernstein, Los Angeles Times With financial help for the nation’s small businesses locked in a congressional imbroglio and bank loans still tough to get, many smaller firms are turning reluctantly to high-dollar lenders of last resort. […]

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The Wall Street Journal/The Money Game — Keeping Borrowers Afloat

Source:  Wall Street Journal  The biggest mistakes small businesses make when it comes to debt By SIMONA COVEL Around the country, small businesses are struggling to keep their head above water in a sea of debt. A recent survey from the National Federation of Independent Business showed the worst earnings trends for small businesses in […]

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