Tight credit hinders growth for small businesses

04/21/2010 | Washington Independent (Washington, D.C.), The

The lack of available credit is slowing growth even in areas with pent-up demand such as the Bloomingdale neighborhood of Washington, D.C., where restaurants and other small businesses are finding it hard to get enough financing to open their doors despite recent gentrification, according to this article. Only 40% of of small-business owners who applied for a loan had all their credit needs met, according to an NFIB survey. That's down from nearly 90% five years ago.

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Washington Independent (Washington, D.C.), The

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