What are your borrowing options?
What do you do if the bank won’t lend to you? Adam Bernstein investigates alternative funding sources to keep the cash flowing. Bob Hope, the late actor and comedian, summed up quite accurately what most believe about bank lending practices: “A bank is a place that will lend you money if you can prove that you don’t need it.” While that may not be true in every instance, since the start of the 2008 financial crisis it certainly has been much harder to gain bank funding; it’s also the reason why the government has used devices such as quantitative easing and Funding for Lending to get cheap money out to the banks to, in turn, pass on as loans
