How the Mortgage Crisis Affects Small Businesses
by Larry Slusser on April 2nd, 2008
The mortgage crisis is having an effect far and wide across the economy and may even be affecting your company whether it is big or small. Many small businesses and even consumers that used home equities to fund their companies are finding it more difficult to obtain that type of funding. This is particularly true in areas where home values have dropped. The level of equity in the home may be considerably less which changes the way banks view the loan. When they go to see their banker for more funding, they may not be greeted nearly as friendly as... Read more »