Credit: The Spigot Opens, a Little – BusinessWeek.
Maybe, just maybe, we are starting to see things loosen up. Small business lending has showed signs of life and means small businesses owners might start to invest again soon. We’ll see.
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November 2nd, 2009 at 4:39 pm
This is great to see. Small business lending is something that the economy desperately needs to function properly.
Today’s bankruptcy filing by CIT might to more good than harm. With about $8billion – $10billion wiped from their balance sheet (not to mention the pesky CIT shareholders), oh, and the $2.8 billion from Uncle Sam, CIT should be in good shape to lend again. Add that to the Goldman Sachs entity that was put in place to cherry pick clients from CIT and the SMB credit market might just get its life back.