As banks continue to tighten lending, many small businesses are turning to microlenders, which grant loans averaging about $10,000. According to The Washington Post, small businesses also are increasingly looking to Internet-based peer-to-peer lenders to meet their capital requirements.
Starting a business right now is difficult, but not impossible. Financing is one of the major roadblocks which is forcing many new entrepreneurs to bootstrap or use plastic. Once the banks are allowed to start lending, new business activity should begin to grow.