Soft Factors and Financing Are Killing Small Businesses
On May 30, 2017 I had the good fortune of being able to attend a morning lecture series at the Zürcher Kantonalbank’s co-working space on Zurich’s Bahnhofstrasse. Speaking was Beni von Allmen from Verein GO! The non-profit works with the city and canton of Zurich to help small businesses — especially those looking to become self-employed — get access to micro loans of between CHF 5'000 and CHF 40'000. The average today is at around CHF 37'000. The repayment period is 3 years and the interest is fixed at 6.5%.