Joel LibavaSmall Business Loans Drop By $10 Billion
(From CNN.com, today)
"Some banks are unapologetic about their cutbacks. Small business
defaults are soaring, and banks are under pressure to shore up their
balance sheets and reduce their exposure to risky loans. Two key small
business lenders, CIT Group and Advanta, filed for bankruptcy this
month."
This is not paranoia. This is reality.
I have been telling folks this for the last month via;
- Radio programs
- Interviews
- Blog articles
- Phone consults
- Franchise seminars
- Social media
- WhiteHouse.Gov
Some folks feel that I am sometimes a little negative.
Some folks feel that I speak the truth-even if it is negative.
What do you think?
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