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Opportunities Forum Proving To Be Great Source Of Discounts And Connections
September 2, 2010
The SBAC "Opportunities Forum" is gaining momentum.
Recent posts include:
• A free videoconference or court reporting session from SBAC member Rhonda Jensen and Jensen Reporting.
• The introduction of new products that will save you energy and money by the Continental Power Corporation.
• The resume of SBAC member and recent law school graduate Kevin Keeley.
To see additional listings go to: Opportunities Forum.
To learn more about the Opportunities Forum and how you can post contact Eric Quintanilla at Eric@SBACIL.org.
Small Businesses Being Forced To Deleverage Due To Lack Of Credit
September 1, 2010
According to a report by Christine Ricciardi of Housingwire.com, small businesses across the United States are being forced to deleverage due to limited access to credit.
Since 2008, small business commercial loans have dropped by more than half.
Ricciardi reported that, "JP Morgan's Securitized Products Weekly report, shows the decline in loans distributed to the commercial sector from Sept. 2008 to Aug. 2010.
"In Oct. 2008, small business loans exceeded large business commercial loans at just under $850 billion. Small business commercial investments now barely exceed $380 billion. Loans for larger businesses is now at $390 billion."
The story also reported that according to the National Federation of Independent Business, a net 13% of small businesses found credit harder to get in July. That is not far behind the record high of 16%.
To read the complete story by Ricciardi go to: Restricted credit for small businesses driving delinquencies up