It’s NOT Your Imagination…Credit is Tight

Small Businesses Feeling the Chill |

Did you see this article in the New York Times? Most entrepreneurs don’t need the newspaper to tell them that something has happened in the credit markets and it isn’t good.

Despite the media predictions, there are some banks that are lending to small businesses. Look for lenders who didn’t get in deep with subprime mortgages. Yours must be a basically healthy and growing concern, and your business plan needs to be current.

And folks are turning to bank alternatives: peer-to-peer lending, credit unions, factoring to name just a few that are mentioned in this Wall Street Journal article: How To Cope with the Credit Crunch.

Ask us for help maneuvering this maze.

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