Jacking up prices when demand for your product is flat seems like a crazy strategy. Yet that's exactly what's happening with small-business lending. It's not as if banks have lost interest in entrepreneurs. The Fed is the culprit. As a result, banks are scrambling for other ways to attract your business.
Some banks even throw in free personal checking accounts for the business owner.
Anything, of course, except a break on interest rates. If you want that, try a small-business credit card. All this comes amid signs that small-business borrowing could be on the rebound. If these companies are indeed harbingers of rising demand, it might be best to nail down a loan of your own before lenders rethink their generosity. To subscribe, please see our subscription policy.