In tomorrow’s New York Times, you’ll find a story about my friend Bee “Ypsilantian of the Year” Roll and the work she’s done through the California-based company ZipCap to raise working capital for her restaurant, Beezy’s, by essentially demonstrating to lenders that, while she doesn’t have a lot in the way of hard assets, she […]
Someone should tell the folks at Bank of Ann Arbor that this probably isn’t a story that they want to be sharing, seeing as how Bee only started working with ZipCap after having been turned down for a loan by them. Bee, as some of you may have heard us discuss a few weeks ago […]
In spite of the billboards around town by local banks claiming to support homegrown businesses, the truth is, when our small “mom and pop” stores need capital, it’s almost impossible to come by. When a local restaurant, for instance, needs capital to grow, or to make it through lean times, there are few options, in […]
