Small business owners looking for a loan should try hopping online. A handful of companies including BoeFly and Biz2Credit are creating online marketplaces to connect small business owners with lenders.
While the current economic climate has made it tough for small business owners to get a loan, there are banks with money to lend but simply can’t find the right company.
“We heard a lot about how small businesses can’t get a loan or lenders can’t find credit-worthy borrowers,” said Bob Tannenhauser, founder and president of New York-based BoeFly, which launched in March. “We felt there was a great need to bridge that gap and get qualified borrowers connected with those lenders.
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