Budding Entrepreneur Finds Access to Financial Services a Challenge
Almost all entrepreneurs face challenges obtaining or retaining financing. But the obstacles Jill Lamoureux faces trying to get access to even the most basic financial services-a bank account for her business, for example, or a merchant processing account to accept credit and debit cards-have been particularly daunting.
"For a little while, I felt a little bit like a financial pariah," Lamoureux said. "I mean I had letters from three different financial institutions that said they didn't want my business and yet we have a business license and are completely legal."