Write-ups, Loans, and Small Businesses in the News
Posted by IMAP on 01/14/08 in Finance
These days, there is a lot of attention being paid to the loan industry and the banks and how mortgages and other financial ventures have failed so monstrously. The result is a possible recession and a massive rift growing between banks and consumers in terms of trust. But, the truth is that it is mostly a fluke, born of a bad decision made by a lot of banks and a lot of consumers. Small business loans are not nearly as dangerous or as worrisome as some of the more talked about investment issues people are worrying about these days – the microloans and subprime mortgages that spiked so much in price that people can hardly afford them.
Just imagine what would happen if the same had been done to our small business loan industry. Equipment lease after equipment lease would have been lost, people’s shops would have closed and millions would be out of work. That’s not to say that people losing their homes is any better. It is a tragedy and a horrible situation, one that will hopefully clear up in the coming months or years.
Technorati Tags: small business loans, small business loan, equipment lease
tag this
Post a Comment