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Detailed text transcripts for TV channel - MSNBC - 20110220:12:46:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20110220:12:46:00

Owners seeking sba-backed loans. so in this week's where's the money we want to look at other funding alternatives. mitch jacobs is the ceo of on deck capital, unable to qualify for traditional loans. great to see you. >> thanks for having me. >> i want to split this into chunks. >> okay. >> so if you are a business and you're pretty small. you have less than $150,000 in revenue, where do you say you should go? >> this is a category of businesses that they're just getting off the ground and they've got some revenue and customers. they should look at community development, financial institution...

Detailed text transcripts for TV channel - MSNBC - 20110220:12:47:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20110220:12:47:00

>> let's take it to the next level. you have between $250,000 and $5 million in revenue. this is where your company comes in, on deck capital. >> this is the most exciting time in terms of capital because finally technology is having a huge impact in what options are available and what gets delivered. it's super exciting. if you're a business that serns other businesses and you have large rereceivables, now you can go online to the receivables exchange, you can auction your receivables and generate cash flow right away. >> right. though it's expensive. >> i think that it discounts it a penny o...