Oct 28, 2007

BW SmallBiz: Startup capital grows scarce

With lenders spooked by late summer's credit crunch and the housing market continuing its slide, many entrepreneurs, particularly startups, are finding capital harder to come by. Banks have tightened the spigots, and even Small Business Administration 7(a) loans, which often are easier to obtain than other bank loans, may be tougher to land. Declining home values in many parts of the country are limiting the amount of equity that business owners can use as collateral for loans, as well as the amount of credit available to them.

~ BW SmallBiz, "Hungry for Cash: Startup capital grows scarce," October/November 2007

No comments: