For too long, small businesses have been struggling to bear the brunt of the recession. Lending has all but dried up, and too many lawmakers are spending more time playing politics than working to pass smart legislation to help them. How do we know small business owners feel this way? We asked them.
To provide the much-needed liquidity, the U. S. Small Business Administration is revising its CAPLine program to make lines of credit more acceptable to lenders and more available to small-business owners. However, banks would rather make conventional LOCs rather than hassle with some of the SBA's requirements.