Credit remains tight for small business

10/13/2009 | NYTimes.com

Small businesses are still having trouble obtaining credit, industry experts said. Bankers said credit will remain tight until 2010, according to a Federal Reserve survey of senior loan officers. The amount of debt at small businesses has fallen 5% since 2007, according to research firm Sageworks. "Small businesses rely more on bank financing, whereas large businesses have the alternative of raising money in the capital markets," said Andrew Tilton, a senior economist at Goldman Sachs.

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