Community banks may be pulling back on funding, but communities themselves aren’t.Small-business owners and first-time restaurateurs facing unprecedented hurdles on the road to adequate funding are looking more at alternative financing sources, including their friends. The largest restaurant industry lenders, such as GE Capital, Bank of America and Wells Fargo, have retrenched amid the domestic recession, and Small Business Administration lending has slowed to a trickle, leaving many without ...
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Contact: Desiree Torres Desiree.Torres@penton.com