Capital Strategies Inc., a small Black-owned Wall Street firm founded in 1994, has made it their No. 1 goal to help dreams become reality for many individuals who are perplexed as to where they should turn for capital. "We realize that often, we are working with people's dreams," said Bentley Whitfield, co-founder of Capital Strategies Inc. "A business is what feeds their families, and it makes them who they are." According to Whitfield, most small and mid-sized businesses that need between $100,000 and $10 million have a very difficult time securing loans for such amounts. "When a loan gets above $100,000, that's when banks want to know everything," said Whitfield. But still, perspective loan applicants find that they are still being denied the necessary funds due to admission of faulty credit, lack of collateral, and/or lack of experience in the desired area of business. This is due to the fact that banks still have a tendency to "cherry-pick," said Whitfield, which means that they approve loans to persons with the strongest qualifications: near-perfect credit, bountiful collateral, and who are well-experienced.
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