Insights into the world of small business lending and development

Needing Cash, Some Small Business Owners Bypass the Bank

After losing her job at LivingSocial, the online deal company that went nearly bankrupt three years ago, Kate Levenstien decided to take a chance on a business that combined two things she loved: bacon and beer.

While successful entrepreneurs have plenty of stories about the early risks they took, Ms. Levenstien said she learned something from that first event that helped her build her business and put her on the path to personal wealth: the security of getting money in the door months before people attend an event and using those proceeds to finance the company’s growth.

http://www.nytimes.com/2016/06/04/your-money/needing-cash-some-small-business-owners-bypass-the-bank.html
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