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Published on Thursday, September 04, 2008
By LA Daily News Staff Writer
The collapse of the subprime-mortgage market and tightening of credit standards have made it harder to get a loan to launch or expand a business.
But lenders want small-business owners to know that capital is still available, although borrowers may need to work a little bit harder to get it.
A business expo Saturday - the seventh annual Where's the Money workshop - is designed to help entrepreneurs identify and qualify for a business loan.
The event is expected to draw 600 small businesses, about 20 percent more than last year.
"People are more in need of money," said Warren Cooley, director of retail and economic development at the Valley Economic Development Center. "We are getting start-up people coming because they perceive they are going to leave their jobs or have already left."
The VEDC is partnering with eight lenders to sponsor the seminar, which will provide participants with information on the documentation needed to qualify for a loan
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