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Lenders continue to Tighten Credit Standards

knowmoremedia.com » 2008 » May » 13th » Lenders continue to Tighten Credit Standards

Tagged: business credit, more cash for your business, how the economy affects your business, recession 2008

Today’s Wall Street Journal reports that more lenders are tightening their credit standards because they are feeling the sting of missed payments and losses of loans they gave out to small businesses. Tightening their lending standards helps them to reduce risks on future loans but not on the loans they have already given. Some banks are offering enticements such as free online payroll services … Continue Reading »

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