Eric Fricke, assistant professor of finance (Photo: Smart Business)
In today's tight credit market, executives must be resourceful and think outside the box in order to secure the funding they need to expand their small or mid-size business. California Smart Business magazine interviewed Eric Fricke, assistant professor of finance, Department of Accounting and Finance at California State University, East Bay, about the ways to finance growth by tapping alternative funding sources.
“Sometimes traditional banks offer asset-based loans and other forms of alternative financing,” said Fricke. “But, you can find additional sources by searching the Internet or contacting your industry association and equipment manufacturers, since some vendors offer financing if you purchase their products. Shop around, because the costs of alternative funding vary among banks and other financial institutions, and if possible factor the cost of your financing into your pricing.”
Princeton Review has rated Cal State East Bay as one of the country's "Best Business Schools" for seven consecutive years.