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Winning the Ohio Lottery or Obtaining a Business Loan, What is harder?

BY Ilya Bodner | 12-10-2008 | 2:07 PM
This blog is written by a member of our blogging community and expresses that member's views alone.
Just last month the hottest search was Britney Spears, or some sort of a football game. It is evident that the mega millions are more important during the holiday season. What about our small business owners? Where do they turn to get financing for their business?

According to Google Trends the top 20 most searched words in December include:

Michigan Lottery
Mega Millions Winning Numbers
Ohio Lottery
Georgia Lottery
Megamillions.com
Russian Roulette (currently 32, but is this a bad sign?)

Just last month the hottest search was Britney Spears, or some sort of a football game. It is evident that the mega millions are more important during the holiday season. What about our small business owners? Where do they turn to get financing for their business?

There seems to be a quest for the hidden treasure right now. Small business owners are looking everywhere for the business financing, business loans, or any type of business credit cards to get them through the harsh winter. 2008 is coming to an end, and on top of all small business owners’ minds – Where to obtain business financing in 2009?

President-elect Barrack Obama has promised bridges and roads, while the Treasury assured that lending will continue with joint efforts from Citi Group. Hopes are high, but the question still remains – where to obtain business financing in 2009?

For most of you that are reading this blog, hitting the Ohio Lottery sounds like a more feasible option; I’m not going to lie, that sounds better to me too. But the reality is that there are plenty of smaller lenders that are trying to grab the market share, you just have to know where to look. So if you are on the quest to find the hidden treasure, why don’t you start with an online search? Try “strong business credit” as a keyword (just like that, in quotes), and see where the journey will take you from there.

Sincerely,

Ilya Bodner
Small Business Owner
Initial Underwriting Group