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Banks dont want to lend money to them as often/much/favorably, coops usually don’t want investment. To start a business you need capital, if you have enough on
by eptcyka 2y ago
Banks dont want to lend money to them as often/much/favorably, coops usually don’t want investment.
To start a business you need capital, if you have enough on your own, you do not need a coop, much more difficult to convince a group of people to risk together unless they’ve all had previous experience with one another.
- s1artibartfast 2y agoWhy would Banks shy away if they are more productive and have better margins?
- eptcyka 2y agoBanks calculate risk by looking at data, and there is far less of it for coops. And they are often irrational actors.