Credit becoming harder to access, and more expensive, for small business

Staff

Chairwoman Melissa L. Bean (D-Ill.) of the House Small Business Subcommittee on Finance and Tax says that as banks and other institutions struggle, they are pulling back on lending, which makes credit harder to access for small business. She quotes a survey that says one-third of small business owners find credit more costly, less available, or both. (0:46)

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April 30, 2008
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