It's an old truism that if you go into a bank for a loan and ask for a paltry $1,000 you will not get it, but if you ask for $10,000 you will. I mean I haven't tried this recently but my friend Florida Fred has and says it still stands. Well, it could be worse. You could be in Russia where I spent a little time some 20 years ago researching a book. I just came across an article in Pravda, which says that banks in Russia are business friendly for stable, reliable enterprises but they do not deal with beginners. Heck, that means they won't even lend the $10,000.This harkens back to 1990 in Moscow when entrepreneurs had to dig up their own start-up money as banks and any other such financial institutions simply were not too helpful at that time.
That's starting to change somewhat as Russian banks are moving slowly and slowly toward the small businessperson. Actually, Pravda reports that there are some 870,000 small businesses in Russia today although that community only employs 17 percent of the country's population.
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