Despite the lip service paid to the importance of small businesses, efforts to ease their credit woes have come up short.
Alix Stuart, CFO Magazine
December 1, 2009
What's the saying? That which doesn't kill us makes us stronger? Or, something like that. While I wholeheartedly agree that small business needs help, I have faith that small business will hold on and will, in fact, be made stronger. As the article so clearly points out, what small business needs is access to credit - and an end to lip service. The entreprenuers of small business will find a way. It's what makes us who we are. We (The Receivables Exchange) see it every day - small business innovating and finding new ways to succeed in the face of adversity. From a young manufacturing company seeking capital to ramp up production on an award-winning product to more mature companies simply trying to find a way to decrease their DSOs, determined small businesses will find their way - it's what makes us the engine that drives this economy. Now, if those who "support" small business could just find a way to step up.
Posted by Laurie Azzano | December 28, 2009 02:28 pm
It's so tough to build strong business credit now-days, I hope congress is able to help soon, otherwise, the economy will continue to struggle and small business will die out. Rina Initial Underwriting Group
Posted by Rina Bodner | December 02, 2009 11:12 am© CFO Publishing Corporation 2009. All rights reserved.