abstract:Small business financing (also referred to as startup financing or franchise financing) refers to the means by which an aspiring or current business owner obtains money to start a new small business, purchase an existing small business or bring money into an existing small business to finance current or future business activity. There are many ways to finance a new or existing business, each of which features its own benefits and limitations.
At Jobs Council town halls in Dayton and Minneapolis, small-business owners expressed frustration about the challenges in obtaining financing and assistance.
"We are losing a lot of small companies that support medium-sized business like ours due to financing problems, " said Flavio Radice, chief executive of Pietro Carnaghi, an Italian company that is the world's largest maker of vertical lathes.