Small Business Lending: The Squeeze Goes On
(Businessweek) — Brad Sterl didn’t think getting a $1 million line of credit from a bank would be difficult after his pizza crust manufacturing company in Pittsfield, N.H., returned to profitability in 2009. Rustic Crust, founded in 1996, had been doubling sales each year since 2005 when it raised venture capital. It hadn’t booked a profit because it was investing in expansion.
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