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'Credit Crunch's Direct Impact on Small Firms' economy

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Credit Crunch's Direct Impact on Small Firms

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12/02/08 21:27

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Credit Crunch's Direct Impact on Small Firms

Small business are the most affected on the on - going credit crunch as more and more of them are either cutting expenses, salaries, outsourcing works, even personal saving of small business owners are put on the table. Like in Arizona where the credit crunch have a direct effect 'cause about 97.3 percent of the employer firms here are classified as small businesses. With the bad economic weather banks now have tighten their standards for small firms. More on the link below.

Link: Company owners explain how they are scrambling to fund operations

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