{"id":12259,"date":"2013-10-23T18:24:56","date_gmt":"2013-10-23T22:24:56","guid":{"rendered":"https:\/\/www.certitrek.com\/nebb\/having-trouble-getting-a-loan-for-your-small-business-youre-not-alone\/"},"modified":"2022-12-20T08:11:32","modified_gmt":"2022-12-20T13:11:32","slug":"having-trouble-getting-a-loan-for-your-small-business-youre-not-alone","status":"publish","type":"post","link":"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/having-trouble-getting-a-loan-for-your-small-business-youre-not-alone\/","title":{"rendered":"Having Trouble Getting a Loan for Your Small Business? You\u2019re Not Alone"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1144px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><p>You\u2019ve gotten a certified appraisal and know exactly how much your equipment is worth, as well as your property and business as a whole. Your credit is decent, you own a building for collateral, and you still can\u2019t get a loan for your small business. What gives? This week, in <i>The New York Times<\/i>\u2019 \u201cYou\u2019re the Boss\u201d blog, <a href=\"http:\/\/boss.blogs.nytimes.com\/2013\/10\/23\/today-in-small-business-why-loans-are-so-hard-to-get\/?_r=0#more-79734\">two experts explain<\/a> why.<\/p>\n<p>Small businesses aren\u2019t requesting as many loans as they have in the past, which has, in part, reduced bankers\u2019 interest in focusing on the small business sector. Lenders also are realizing that small business lending isn\u2019t as profitable for them as other types of lending because small businesses can\u2019t borrow as much as larger businesses for many reasons \u2013 they may have weak financials, the building they put up for collateral may be worth less than it was in the past because of decreased real estate prices, and they may no longer be deemed credit-worthy as lenders have tightened their rules for creditworthiness.<\/p>\n<p>It\u2019s kind of a never-ending cycle \u2013 small businesses borrow less so banks become less interested in focusing on them, so businesses are able to borrow less, further reducing lenders\u2019 interest.<\/p>\n<p>If you\u2019re a small business owner in this situation, the good news is that you\u2019re not along. As more small businesses have difficulty securing loans, they have to turn to non-traditional methods of obtaining cash, which makes these non-traditional methods more mainstream. But no matter how you secure funding for your business, the first step always is knowing what your business is worth. Contact the NEBB Institute today to obtain a certified appraisal of your machinery and equipment.<\/p>\n<p><em>The <a href=\"http:\/\/www.nebbinstitute.org\/\" target=\"_blank\" rel=\"noopener\">NEBB Institute<\/a> endorses and strives to observe the highest standards of professional ethics to preserve the public trust inherent in the professional appraisal practice. The Institute provides initial and monthly comprehensive education, ongoing support, and a dynamic international network, and certifies professionals in the art of machinery\/equipment appraisal and brokerage.<\/em><\/p>\n<p>By: <a href=\"http:\/\/www.nebbinstitute.com\/\">NEBB Institute<\/a><\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>You\u2019ve gotten a certified appraisal and know exactly how much your equipment is worth, as well as your property and business as a whole. Your credit is decent, you own a building for collateral, and you still can\u2019t get a loan for your small business. What gives? This week, in The New York Times\u2019 \u201cYou\u2019re [&#8230;]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12259","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.13 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Having Trouble Getting a Loan for Your Small Business?<\/title>\n<meta name=\"description\" content=\"If you\u2019re a small business owner in this situation, the good news is that you\u2019re not along. As more small businesses have difficulty securing loans.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/having-trouble-getting-a-loan-for-your-small-business-youre-not-alone\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Having Trouble Getting a Loan for Your Small Business?\" \/>\n<meta property=\"og:description\" content=\"If you\u2019re a small business owner in this situation, the good news is that you\u2019re not along. As more small businesses have difficulty securing loans.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/having-trouble-getting-a-loan-for-your-small-business-youre-not-alone\/\" \/>\n<meta property=\"og:site_name\" content=\"NEBB\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NextLevelPurchasing\/\" \/>\n<meta property=\"article:published_time\" content=\"2013-10-23T22:24:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-20T13:11:32+00:00\" \/>\n<meta name=\"author\" content=\"Galo Matagay\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:site\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Galo Matagay\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/having-trouble-getting-a-loan-for-your-small-business-youre-not-alone\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/having-trouble-getting-a-loan-for-your-small-business-youre-not-alone\/\"},\"author\":{\"name\":\"Galo Matagay\",\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/#\/schema\/person\/72d094fab77892483dfa6e061cb27eaa\"},\"headline\":\"Having Trouble Getting a Loan for Your Small Business? 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