Krishnan, an executive at KKR in India, noting that expected yields are in the high teens -- the kind of returns his U.S. colleagues target for a successful leveraged-buyout deal. KKR has lent nearly $4 billion to Indian companies and real-estate developers, partly through two nonbank lending firms it runs, one of which was started last year. A fund partly owned by New York-based Apollo Global Management LLC invested $300 million this year to buy GE Capital Services India, a nonbank finance firm that lends to companies and individuals. Private-equity firm General Atlantic LLC recently invested around $80 million in Indian home financier PNB Housing Finance Ltd. Credit Suisse Group AG recently put $20 million into New Delhi-based motorcycle financier Hero FinCorp.
Finally, MDT Bank came through. Before paying for anything, make sure the company is legit. Merchant advisers is a group of America’s Small Business Funding experts who understand when your small business needs funding – our principals have owned many small businesses before that have been in the same situation. McLean says his company did not approach MDT any differently than it had approached the other banks. “They just wanted to get our business,” McLean says. There are several sites where businesses can seek alternative lenders, such as individuals and small companies. “Take out the phone book, target 10 banks and work through that list,” he says. “Many small businesses try three or four banks and then stop looking,” cloudier says.
”If you aren't making a profit now, you must be able to tell the bank how you will change that in the short term, or you really won't be able to get a loan,” he says. Merchant advisers is a group of America’s Small Business Funding experts who understand when your small business needs funding – our principals have owned many small businesses before that have been in the same situation. Banks typically offer the lowest interest rates and many have established reputations as trustworthy lenders. It was just a matter of being persistent until the right deal came along, he says. If you are a business owner, you know how the ups and downs of the economy can affect you and your business. “The bigger the loan request, the harder it is to get it approved.” Before paying for anything, make sure the company is legit.