Small businesses face more credit card cuts

Avatar Posted by ArmadaIG under Raising Capital
From http://www.kiplinger.com 5701 days ago
Made Hot by: on April 13, 2009 10:44 pm
Credit card banks aren't through cutting credit card lines. By 2010, about 20% less credit -- a drop of $1 trillion -- will be available via plastic. Small businesses, about half of which rely on credit cards either to finance their operations or as a safety net, will feel the pinch.

Higher credit lines won't come back after the recession, either, further squeezing access to capital and making it more difficult for many small firms to operate and expand.





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Share your small business tips with the community!
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Share your small business tips with the community!