Credit Squeeze Hits Small Biz

LCT Magazine
Posted on June 23, 2009

KEEPING SCORE: Small businesses aren't seeing much hope or change amid the declining credit environment. Chauffeured transportation operators with 10 or fewer vehicles are most vulnerable in this recession. The massive economic stimulus package was signed by Obama on Feb. 17; four months and counting, and no signs of a recovery for America's business backbone yet. -- M.R.  

Related Topics: breaking news, Sales & Marketing

Comments ( 1 )
  • Richard Hawvermale

     | about 10 years ago

    As the owner of a 10 car operation I can attest that the credit squeeze, drop in revenue and increase in late charges is the perfect storm. For those interested, the economic activity here in the San Francisco Bay Area is off 50 to 60% for most of our affiliates. Negotiating these waters is like an episode of the Deadliest Catch. LOL..

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