With a call to action by our nation’s military, the federal government and nearly all the states for businesses and innovators to bring truly disruptive innovations to the forefront — where is the capital to support this call?
Our banks won’t even consider a business loan that in the past was simply a matter of standard banking procedure. Today, banks can’t get out of the shadows of their own fear — cash-flow lending has taken on a whole new level of excuse for saying no to traditional type loan requests.
Bankers blame the Feds for the lack of lending saying they now have such strict compliance requirements that most loans will not the meet the technical audit demands of the FDIC or other banking regulators. Yet, we hear and read in the media that the Feds are telling the banks they need to loan more money to businesses. read more »