MRAA: Small businesses are seeking online loans

Author:
Updated:
Original:

The Marine Retailers Association of America says an increasing number of small businesses are using online loan companies to finance operations and acquisitions.

The MRAA says overall lending dropped 7.5 percent in 2009, according to the Federal Deposit Insurance Corporation. That's the largest decline since 1942.

Click here for the full release.

Related

‘We’ve been working our butts off’

With his boatbuilding pedigree, 28-year-old Philip Faulkner launched Avid Boats in just six months. The startup has a facility, financial backing, boats on the line and big plans going forward.