St. Louis Business Journal: Prince spins on small business lending options

Small Business Profile
St. Louis Business Journal, March 2, 2012

Lew Prince has been a co-owner of Vintage Vinyl in University City for nearly three decades. The iconic record store is a popular attraction for music lovers of all types. But even though he runs an established enterprise, he said he’s been having trouble obtaining credit from banks over the last few years. Prince detailed his problems getting financing — an experience he described as frustrating in late-2011.Q: What type of experiences have you had lately trying to obtain credit?Prince: This is a business that has never been late on a payment. I had a $175,000 credit line ...