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Ask YC: Will the bailout make it easier to get a loan for a startup?
The politicians said entrepreneurs need credit to start businesses - to create jobs and pay employees, it seems like we should all go take out some bank loans and do our part.
Are the loans going to be of a lower interest rate than before or has nothing changed and the bill just enabled what existed before to continue?
- noodle 18y agoit'll probably just become a more stringent process to obtain a loan. if your business is sound and you aren't overreaching, you'll be fine. i doubt it'll be easier though, because garbage loans are the reason why we got into the mess in the first place.