MBAs In Connecticut Might Have Access To Capital

By the My MBA Career Content Team � Find Top MBA Degree Programs

MBAs, entrepreneurs and individuals in Connecticut who are looking to start their own businesses might be interested to know that finding startup capital isn't necessarily as complicated as it might seem.

Quinnipiac Bank, Post University, the Connecticut Community Investment Corporation and the Small Business Administration recently met to develop what they called a Roadmap to Securing Capital.

"Banks don't like to say no," said Richard Barredo, the vice president of Quinnipiac Bank. "We don't make any money when we say no, but we have to work within certain (regulatory) parameters."

To get a positive answer, Barredo says entrepreneurs need to show lenders a business plan that proves the company could be profitable. They also need to show the bank that they are responsible debtors by presenting solid credit scores.

If you have a good business idea but haven't tried to build a company on it because you don't have the skills necessary to do so, consider enrolling in an MBA program today. The knowledge you could acquire while studying for an MBA degree could turn you into a successful entrepreneur.

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