THE SMALL BUSINESS LOAN MARKET IS FROZEN
20 July 2009 by Cullen Roche
3 Comments
Excellent inside look at the importance of CIT and its impact on the market:
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Comments
Doesn’t this, along with the substantial decrease in commercial paper, mean that we’ve got the makings of another serious credit crises?
What has happened here is we have witnessed President Obama pull of a bloodless coup. It started with the Banking, Auto and Insurance industries. Sounds like the Government now has a controlling interest in some of those industries. Now we take the stimulus package and see that the jobs are a couple of years down the road and are temporary government jobs.The largest employer in the country Small Business is being stomped out because we get the Honor along with Middle Class America to pay for it.
Being organized and prepared helps alot when applying for a business loan. You should have all your documents ready and be confident.