Tight Credit Becomes Problem For Small-Business Owners
As lawmakers debate the proposed financial bailout bill, small-business owners — who are especially vulnerable to financial meltdowns — face even tighter credit than usual.
They’re tapping credit cards and personal savings as it gets harder to land bank financing. They appear to be hoarding their cash, anticipating worse economic times. And unless the rescue bill frees up credit, they’ll likely find it harder to get federally guaranteed loans.
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