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You are here: Home / 2008 / Archives for August 2008

Control Your Cash Flow

source for article: Fox Business.com, Thursday, August 14, 2008, by Elizabeth Wilson With a credit crunch and many banks tightening up or eliminating lines of credit, it's important for business owners to maintain a steady cash flow. Here are five ways experts say you can start the …

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Credit Cards Replace Small Business Loans

As commerical loans become harder to find, small business owners give in to aggressive credit card marketers and get slammed with 30% interest rates source for this article: Business Week, August 20, 2008 by John Tozzi The 30% interest rate on their small business credit card shocked James and …

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Number of Companies at Risk of Defaulting Continues to Increase

Source: 8/18/08 Dow Jones Daily Bankruptcy Review Credit ratings agencies said that the number of companies most at risk of defaulting on their debt has soared this summer as consumers cut spending and the credit crisis hammers troubled companies, Dow Jones Daily Bankruptcy Review reported …

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Credit Tightens More; Rebound Moves Further Out

Banks Keep Tightening the Vice source for article: The Watch List Newsletter, August 2008, by Mark Heschmeyer A large number of domestic lending institutions reported to the Federal Reserve Board that they have tightened their lending standards and terms on all major loan categories in the past …

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Many Say Boscov’s Filing Just the Start

source for article, The Philadelphia Inquirer, August 10, 2008 by Maria Panaritis It illustrated the perils for businesses that borrowed heavily during boom times. The whispers had been growing for weeks, if not months, and only intensified after the Boscov's Department Store L.L.C. filed for …

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Bankrupt Retailers: Pushed to the Brink

Source for article:  Business Week, August 11, 2008 by Pallavi Gogoi Changes in the law have sharply reduced retailers' ability to reorganize, driving many to liquidate quickly On Feb. 19 the electronic gizmo retailer Sharper Image filed for Chapter 11 bankruptcy protection. As part of its court …

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A Small Business Loan from a Hedge Fund?

Source for Article: Business Week,  August 1, 2008 by Ricky McRoskey It's hard to get traditional loans these days. But as banks tighten their purse strings, hedge funds are offering asset-based loans to small companies. In early 2008, Jim Gee hit an impasse. Over the previous five years, Gee …

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Few Sectors Immune to Bankruptcy

source for article: Reuters, July 31  by Emily Chasan INTERVIEW-Weil Gotshal sees few sectors immune to bankruptcy * Breadth of bankruptcy filings surprising * Sharp uptick in distressed companies seen since June * Years before troubles are resolved. No end in sight NEW YORK, July 31 …

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Bankruptcies on the Rise (May)

source for article: Business Week, May 6, 2008 by John Tozzi Tighter credit, rising commodity prices, and slipping sales aren't slamming just Wall Street; now small businesses are getting hit More businesses filed for bankruptcy in April, 2008, than in any month since new bankruptcy laws took …

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