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Credit Crunch Makes it Tough for Businesses to Borrow Money |
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| Credit Crunch Makes it Tough for Businesses to Borrow Money |
| Wednesday, February 18,2009 04:16 AM |
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One homebuilder's bank gave him 30 days to pay off half a million bucks. An auto dealer was hit with a higher interest rate. And a smattering of businesses, from mom-and-pop shops to corporate giants, are being squeezed between customers who aren't buying and banks under pressure to clean up their balance sheets. While consumers might have trouble getting loans today, borrowing can be even tougher for businesses.
Read the full article here: http://blog.cleveland.com/business/2009/02/borrowing_money_tough_for_busi.html
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