Tight Credit? Not For Everyone
Despite the threats of tight credit, and concerns about the effect of the failure of the ‘bailout’ on “Main Street,” not everyone is worried. I spoke with two people today who received startup loans. One got a loan for a professional practice with 10 percent down and no co-signer. The second got an SBA loan (I thought the SBA money was not available); the second person is a woman, if that makes any difference.
On the other hand, a friend who works for a large national bank said they are pulling in lines of credit (cutting them off, in other words) …read more