New York (PRESS RELEASE – May 27, 2011) – Many small and mid-sized businesses (SMBs) still look to their banks first for working capital, according to Capital Access Network’s (CAN) Spring 2011 edition of the Small Business Barometer. However, only 34 percent have actually obtained a collateral based-bank loan.
More than one out of ten SMBs seek out more innovative options than bank loans, including Merchant Cash Advances, non-traditional loan providers, peer to peer lending and factors.