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Small Businesses Face Credit Cuts

 
 
 
Small Businesses Face Credit Cuts
Thursday, April 09,2009 04:45 AM

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.

See the full article on Kiplinger.com:

http://www.kiplinger.com/businessresource/forecast/archive/small_businesses_face_credit_cuts_040709.html