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Microloans Fill a Small-Business Cash Need

 
 
 
Microloans Fill a Small-Business Cash Need
Saturday, January 24,2009 04:20 AM
Tax preparation is a seasonal business, and Hassan Farhan's Liberty Tax Service franchise in Dover needed cash last month to get ready for the clients who arrive in January, W2 forms in hand. 

With the nation gripped by a credit shortage, Farhan was anxious about financing his office and training his tax-preparation staff. But he's one of the lucky ones: Farhan got a line of credit from the Union County Economic Development Corp., one of New Jersey's nonprofit microlenders who make small loans funded by the U.S. Small Business Administration.

Complete article can be found at: http://www.njbiz.com/weekly_article.asp?aID=77744226.9027874.1001117.5559622.6691306.549&aID2=77000