After four different banks declined to lend a woman money to open up a day care center, she turned to a city agency for help.
Teshia Kyser has good credit, a detailed business plan and down-payment money, but was unable to get approved for a loan.
"It was very frustrating, very heartbreaking," she said.
Kyser, who has always dreamed of opening a day care, ran straight into the credit crunch caused by the banking crisis.
"Oops, you're a start-up business," Kyser said several loan officers told her. "We feel like this would be too great a risk for our institution right now."
But Kyser connected with the Fort Worth Business Assistance Center, a city agency that serves the needs of small business.
"A lot of people think this is a bad time to get in business because I'm not going to get financing," said Cheryl Jones, of the FWBAC. "Or it's a bad time to be in business because financing isn't out there. But financing is out there."
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The FWBAC connected Kyser with a lender that specializes in financing day cares.
"They understood everything that I had been going through," Kyser said.
"It can happen," Jones said.
For more information on the Fort Worth Business Assistance Center, visit its Web site: www.fwbac.com