Lenders cling to cash that small businesses need

Tim Barry came to the bankers’ table with the self-confidence of a born marketer and with entrepreneurial skills honed during his years in hard-driven Silicon Valley. He knew how to make money and how to pitch for funds. Yet the Camas resident hit four brick walls earlier this year when he went shopping for dollars. Barry needed a $60,000 loan and a $50,000 line of credit to build up his string of online stores, which sell such niche products as airplane seat belt expanders for overweight people and monogrammed back scratchers. After his request was rejected by national and regional banks, he turned to private financing and cost-cutting for the money he needed.

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Lenders cling to cash that small businesses need

This information presented the consumer protection attorneys of Baxter & Baxter, LLP. We are a Pacific Northwest consumer litigation firm with offices in Portland, Oregon, in Hillsboro, Oregon, and in Vancouver, Washington. Call today to speak to a Oregon consumer protection attorney, Portland bankruptcy attorney, Hillsboro bankruptcy attorney, and Vancouver WA bankruptcy attorney. Click the links to learn more about Michael Baxter, Justin Baxter, Kirsten Baxter, Lyndon Ruhnke, and Lara Gardner.

Click the links to learn more about the National Association of Consumer Advocates and National Association of Consumer Bankruptcy Attorneys.

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