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May 5, 2008

Nonbank lenders fill gap for small firms

  • But some non-traditional loans are more expensive than a bank loan, or brand-new and largely untested.
    • By TALI ARBEL
    AP Business Writer

    Scott Metzger wanted to start a restaurant-microbrewery in San Antonio. His credit was good. His business plan was sound. He should have had an easy time getting financing.

    He didn't. After spending a year developing relationships with three large banks, he was abruptly denied last December.


     
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