06/01/11

Why Can't This Guy Get a Business Loan? Response to The New York Times

Why Can't This Guy Get a Business Loan? Response to The New York TimesCharles Kuhn owns the “oldest bicycle store in America,” he says. Now he’s trying to get a $1 million loan to refinance the mortgage on the bike store so he can pay down credit card debt and obtain working capital.

The New York Times profiled Kuhn and his trouble getting a business loan in this write up. Our Levi King wrote his own response to this story, explaining why Kuhn couldn’t land a loan:

Now it’s your turn. After reading The New York Times article, why do you think he’s having trouble getting a business loan?

It takes a little cash to change the world.

So what are you waiting for?

About the author

Comments

  1. Thats all good to get things in proper financials, i have similar, but different problems,first things first, quit relying on bikes to make all profits ,put bikes with motors on them with gas and elec.then sell skate boards ,with motors elec.. and gas , kids want to go fast just like us older kids find more ways of generating profit bring in an air brush artist he can paint bikes shirt skate boards etc.that brings in more people , more people , more money, then set up a slot car tract ca-ching parts accessories small parts spell profit ! thats what the loan should be for, new ideas, your not dead yet create new wealth.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Get more small business tips from Lendio.

More like this