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The Loanly Planet Guide
Posted Tuesday, November 17, 2009 - 10:40am
The federal government’s bailout of the banking system appears to have succeeded in its primary goal—preventing the collapse of the financial system. But the key mechanism of the bailout has been to pump virtually free money into the banks, and the banks have every incentive to hoard that cash and make only the safest of loans. So the credit environment for small businesses remains quite poor, with bank loans, lines of credit, and even credit-card loans all very hard to come by.
Why the Commercial Real Estate Collapse Could Be a Good Thing
Posted Tuesday, November 3, 2009 - 10:58am
The great residential real estate bust has been an unmitigated disaster for most types of small businesses. Retailers have suffered as consumers adjust to the loss of housing equity. Contractors, real estate agents, interior designers, architects, and insurance agents, to name just a few, have all seen their work dry up. Entrepreneurs who financed their businesses with home-equity loans, or planned to do so, are sweating it out.
Photo of vacant storefront by David McNew/Getty Images.
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