Pharma Investments, Ventures & Law Weekly
Welcome to NewsRx!
Learn more about a six-week, no-risk free trial of Pharma Investments, Ventures & Law Weekly
We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.
Knowledge Institute
Who's Going To Bailout Small Business?
October 26th, 2008
It's not just big business in the U.S. that is requiring a bailout. There are more than 30 million small businesses across America being negatively impacted by current economic conditions. Access to credit is drying up. Loans backed by the U.S. Small Business Administration (SBA) have decreased by 30%. Declining home values are contributing to declining collateral values, which mean that entrepreneurs have less to offer banks as backup for a loan. Compounding the problem is that tighter business credit means entrepreneurs are turning to personal credit and savings to finance operations. Higher personal debt and shrinking assets are further contributing to reduced...
Source: Pharma Investments, Ventures & Law Weekly (2008-10-26)
|
