MoFi helps Wyoming small businesses get loans with Path to Bankability program

It’s a pretty common story. You’re looking to start up a small business. You know what you want to do. You’ve written a business plan. Now you just need to secure the funds to get your business started.But then the bank tells you they can’t give you a loan.Normally, this would be incredibly disheartening, meaning you would have to go back to the drawing board and try to find a new way to become bankable.But MoFi is changing the game, giving small business owners and budding entrepreneurs a new chance to secure a loan. With its Path to Bankability program, it can give businesses that aren’t bankable a loan to become so.“Nearly bankable businesses are ones that banks wish they could give a loan to, but can’t because they’re in some type of monitor situation,” MoFi President Dave Glaser said. “It could be that their credit score isn’t high enough, or that they don’t have enough collateral for their loan. But MoFi looks at the future of these businesses to pay back the loans we make.”