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You are here: Home / 2009 / Archives for December 2009

Small-business bankruptcies rise 81% in California

source for article: latimes.com by Nathan Olivarez-Gile, December 22, 2009   With credit tight and consumers still pinching their pennies, many business owners find they can't go on. The Obama administration's new plan to give a boost to small businesses reflects continued trouble in that sector, …

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Another $1 billion in small business credit vanishes

source for article:  CNNMoney.com By Catherine Clifford, staff reporterDecember 16, 2009: 5:42 PM ET NEW YORK (CNNMoney.com) -- The small business credit crunch is still deepening: Major banks cut their small business loan balances by another $1 billion in October, according to a Treasury report …

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Lending Squeeze Drags On….

source for article: Wall Street Journal, December 9, 2009 DECEMBER 9, 2009 Lending Squeeze Drags On By LIZ RAPPAPORT and SERENA NG Consumer lending shrank 1.7% in October, the ninth consecutive drop, extending the dramatic decline of financing available to help fuel the U.S. economy. The $3.5 …

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