Eric Fricke, assistant professor of finance (Photo: Smart Business)
CSUEB finance professor on securing finance in a tight credit market
- June 4, 2013 5:00am
In today's tight credit market, executives must be resourceful and think outside the box in order to secure the funding they need to expand their small or mid-size business. California Smart Business magazine interviewed Eric Fricke, assistant professor of finance, Department of Accounting and Finance at California State University, East Bay, about the ways to finance growth by tapping alternative funding sources.
“Sometimes traditional banks offer asset-based loans and other forms of alternative financing,” said Fricke. “But, you can find additional sources by searching the Internet or contacting your industry association and equipment manufacturers, since some vendors offer financing if you purchase their products. Shop around, because the costs of alternative funding vary among banks and other financial institutions, and if possible factor the cost of your financing into your pricing.”
Princeton Review has rated Cal State East Bay as one of the country's "Best Business Schools" for seven consecutive years.
California State University, East Bay is the San Francisco East Bay Area's high-access public university of choice. CSUEB serves the region with campuses in Hayward and Concord, a professional development center in Oakland, and an innovative online campus. With an enrollment of more than 14,000, the University offers a nationally recognized freshman year experience, award-winning curriculum, personalized instruction, and expert faculty. Students choose from among more than 100 professionally focused fields of study for which the University confers bachelor's and master's degrees, as well as an Ed.D. in education. Named a "Best in the West" college, as well as a Best Business School, by the influential Princeton Review, Cal State East Bay is among the region's foremost producers of teachers, business professionals and entrepreneurs, public administrators, health professionals, literary and performing artists, and science and math graduates.