Credit card use grows as traditional loans dwindle
Credit cards always have helped entrepreneurs with cash for startups, but analysts say other options are disappearing as banks withhold traditional loans and fail to buy into the Small Business Administration's loan-guarantee program. The 22 big banks that received government-bailout funds have cut their lending to small businesses by $8 billion since April when the government made them start reporting it.
CNNMoney.com | 10/27
This story published in NFIB SmartBrief on 10/28/2009
More from SmartBrief:
Small business expected to lead wave of new jobs
Wednesday, July 8, 2009
SBA chief speaks out on credit crunch, venture capital
Monday, July 27, 2009
Federal agencies pass goals for small-business contracts
Wednesday, October 7, 2009
Get stories like these delivered daily for FREE:
|
NFIB SmartBrief
Designed specifically for small and independent business professionals, NFIB SmartBrief is a FREE, daily e-mail newsletter. It provides the latest news and best practices you need to run your business. Sign up today to receive NFIB SmartBrief. Learn more |
|