Jul 08
Many small business have been relying on home equity loans as opposed to Small Business Adminstration loans or lines of credit based solely on the business. This avenue of funding has proven to be very, very volitile in today’s financial market. As home value drops, banks are very quick on the draw to freeze home equity credit . Just one more obstacle in the path of Main Street business. From the link: As home equity lines vanish, other avenues of small business financing are also running
