Counseling Is Often More Valuable Than A Small-business Loan – Wsj

However, a loan isn’t always the best answer. In fact, it can oftentimes worsen the problems small-business owners are facing by putting them even deeper into debt when that may be unnecessary. piggy bank with band-aids CREDIT: iStock piggy bank with band-aids CREDIT: iStock By acknowledging the fact that many small-business owners use loans as a crutch or a Band Aid for lingering business problems, Ms. Contreras-Sweet is taking a definitive step toward helping small businesses across the country grow responsibly and with purpose. As a co-founder of a bank servicing small businesses, she knows firsthand how many discussions with business owners seeking financing progress.
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