Tech startups have challenges, options for financing

A lot has been written in our pages lately about the improving state of local banks and the increased willingness on the part of banks to loan money again after the recession, but challenges still exist for technology startups to find financing.

Banks are trying to make the most prudent loans possible, and for many, that means sticking with what they know. Familiar ventures such as multifamily developments and farm loans are good areas for banks looking to get back in the lending game, but many are not yet ready for the risk that is inherent in lending to young tech…