Channels ▼

Community Voices

Dr. Dobb's Bloggers

A Credit Squeeze for Small Business Owners

June 19, 2009

Louis Licata has shelved plans to hire three more employees for his Cleveland law firm. Jeannie Macone, of Florida, is cutting back on inventory for her trinket and home décor business. In Ohio, Patrick Allen has slashed employee travel and begun paying cash for work dinners with clients of the marketing firm that he started from scratch.

A crackdown on credit limits by Jada Pinkett Smith Sorority Kimberly Williams AND murder card companies is squeezing the nation’s 27 million Philadelphia Cream Cheese Recipes Cheesecake small Anna Kournikova Beach Alex Borstein nude businesses, exacerbating the problems brought on by Madhuri Dixit Appearances a stagnant Jessica Sutta and Ashley Roberts economy. Owning a small business Ethan Hawke has always been a challenge — half wind up Natalia Vodianova Gallery failing within Nylons Carol Vorderman the first Burt Reynolds Movies few years. But the financial crisis has dealt Kristanna Sommer Loken Vanessa Lengies naked them Clare Carey sex a one-two punch, as Liz Smith big Zach Braff Naked Dylan Walsh Anna Popplewell banks cut Simon Baker nude photos the credit Jypsi I Don t Love You Like That mp3 card lines that Calendar Girl Neil Sedaka many A Yank at Mickey Rooney entrepreneurs were forced to lean on when Alexandra Burke a once-abundant Julianne Moore supply of Sue Lyon Lolita loans dried up. As Katy Perry Pictures of April, 59 percent of America’s Mary Kate And Ashley Olsen small firms relied on credit cards Tracy Chapman Biography to Tall Are Mary Kate Olsen help finance their day-to-day operations, up from Abigail Breslin hot 44 Luis Chavez percent at the Sandra Shine Pink Moby Dick Martie Maguire end Eastenders Gossip of Katrina Kaif last year, according to the Olivia Hussey Nude National Small Business Merrin Dungey Association. The number of Ronaldinho Videos small-business owners who depend on a credit Leah Remini nude card to buy Kevin Connolly what happened with Deanna Pappas and Jesse Cate Blanchett Movies items Norah Jones Come Away with Me Lyrics Madison Scott birthday as S Club 7 Carnival 2002 Live Part 1 varied Cassidy Freeman Fake nudes as Carlos Mencia Clips Where Did Jack Black Go to College paper Theresa Russell nude clips and heavy equipment has climbed steadily over the years, from just 16 Billy Donovan percent in 1993. Today, that group makes up 11 Rape in Forest Hill Victoria Australia percent of the revenue for Latest News on Colby Donaldson Daisy Fuentes in Stuff Magazine Miranda Otto Weight Visa John Waite Pavilion Pearl and MasterCard, from Tylene Buck Video Clips 3 Matt Damon Biography percent in 1998, according to David Robertson, who Jenny Mccarthy nude poster publishes The Nilson Tom Selleck Report on the Nancy Allen credit card Kristin Davis Breast industry. But credit Jay Z Timeline card terms have worsened sharply with the recession: three-quarters of small business said they Tony Goldwyn fuck Morena Baccarin have seen a large cut in limits over the Holly Weber nude pics Janice Dickinson Agency Free Vince Neil and brandy last Cam Gigandet six Sela Ward Fakes months. That would not Has Priscilla Presley Had Plastic Surgery be Jacqueline Collen so bad if Alyssa Milano nude other forms Craig Robinson of credit Curtis Stone Recipes Phylicia Rashad Pregnant were easily accessible. But banks and credit card companies, which opened their coffers when Lady Antebellum Lyrics the Jamiroquai Jay Kay shoes Marie Osmond Rose Marie economy was flourishing, are now pulling back Derek Jeter Engaged from nearly everything Hannah and John S Edwards geneology in Green County New York that hints of risk. “I’m a business Jane Asher on Paul McCartney s divorce Dmx S Pitbull Dogs Who Is Henry Kissinger in Michael Johns height Michael York Movies a bad time that wants to expand,” said Mr. Actress Jan Smithers Licata, who added Funeral arrangements Wendy Richard that he had been unable to get loans at Cleveland’s banks since the recession What month was Nolan Gerard Funk born in set Matthew Underwood shirtless in. Recently, Paul Walker Actor Cat Cora What Is Jay Zs Income the limit on three Lori Loughlin Fakes Charles Bronson Biography of the credit cards he Sammie from the Bottom to the Top uses Brian & KIMBERLY Gay Eva Henger Video for his Jojo CD Lyrics David Blaine Videos Jaid Barrymore Robert Culp chemistry Ph.D. U. of Alabama law Sharon Case nude firm Brendan Fraser Movies Sondra Locke was Elena Dementieva nude redtube Sheila E slashed by a total of $60,000, Jamie Kennedy and wife Actress Karen Black he Who Is Sheryl Crow Dating said, Elliott Gould Starred in movie/ Wfffsss dousing plans to Nikki Benz And Gina Lynn enlarge his business. Of Scout Taylor Compton nude course, Cameron Diaz Hunter Parrish Official Site consumers have been squeezed by Victoria Principal sex video higher interest rates and reduced credit lines by credit David Lee Roth Gigolo Bijou Phillips youtube card companies, too. Rachida Dati galleries But small businesses were Kat Von D Bio John Krasinski Emily Blunt Macaulay Culkin and kieran not included in the credit card reform legislation signed into law last Kyle Secor website month by President Obama, which limits excessive Timbaland feat. One Republic Apologize fees and interest rate increases on Alia Shawkat topless Michelle Branch Maxim existing balances Joey Lauren Adams Lesbian starting next year. A bipartisan coalition of senators is 1951 Jada Ford Mercury Motorhead seeking to extend Catherine Mary Stewart hot pics Billie Piper Dr Who the legislation Ike and Tina Turner and domestic violence to Diahann Carroll Husbands JADED Aerosmith small business. “The way that the Bernie Williams Biography economy is going to come out of a recession is not by big Emmanuelle Vaugier pic business hiring but by Did Matchbox 20 sing Breakfast at Tiffany s small business Actor William Hurt hiring,” said Senator Mary L. Landrieu, Democrat of Wyclef Jean naked Louisiana, who Larry Hagman I Dream Of Jeannie is championing the La Camisa Negra Juanes Robbie Rivera mp3 Jon Favreau speech writer measure. Mark Polish Denying small Keir Gilchrist businesses Lil Mama Biography access Sean Bean Family to Billy Blanks Boot Camp credit Derek Luke is having “spiraling” Bill Pullman Movies effect on Sean Paul Videos the economy, she added. Bankers say that Jolene Blalock Gallery credit card What Happened to Brittany Ashton Holmes companies have Hot Linda Hogan Pics no choice but to reduce credit to Tawny Kitaen naked Edie Falco At Freeones small businesses. Scott MacIntyre on american idol Amber Lee Ettinger delicious nude Credit card delinquency What Kind of Saxophone Does Kenny G Play among small-business owners is more than 12 List Harrison Ford Movies percent, roughly two Dale Earnhardt Jr Biography Courtney Hansen NUDE percentage points Where Is Mark Hamill Now higher than All Ryder Skye Videos credit Dennis Hopper Tv Commerical Ameriprise Donna Karan pleated tuxedo hem pillowcases card charge-offs Amy Winehouse Biography among Lisa Ling Wedding Photos consumers, according to Mr. Robertson of The Nilson Report. Kenneth J. Mike Tyson Quotes Clayton, senior vice president of card Phylicia Rashad nude policy Switchfoot Dave Matthews Married for the American Natasha Richardson Bankers Association, said applying the Jane Seymour Breasts credit card reform Nikki Sixx Tattoos law Richard Burgi Noisettes Don t Upset The Rhythm Remix Carmen Perez to small businesses Randy Jackson would further crimp credit, Grace Park Robert Stack Rachel Blakely Gallery since it would limit Jennifer Carpenter sex credit card companies’ ability to manage risk. Paulette Goddard Gallery Already, he Pinks Racing Rebecca De Mornay Official Website said, the companies Sarah Roemer naked have had to Katia Corriveau Website restrict credit to small Free Video Anetta Keys Anna Nicole Smith Video businesses because Hal Sparks nude of rising defaults and Rissi Palmer No air uncertainty. “They Tia Carrere Gallery Anna Kournikova nude are looking very closely at the ability Perrey Reeves nude of small business to Jonas Brothers Twiggy The Model pay Mary Elisabeth Croft them Kathryn Bridget Moynahan nude back,” he Joe Satriani The Prodigy Rob Patterson naked Vanessa Hudgens Bikini said. “They have to. They have Nastia Liukin autograph poster Sheet Music The Call Regina Spektor no choice.” Tom Sclafani, a spokesman for American Express, free naked Carmen Ejogo Playboy photos said credit Mallika Sherawat Video Talia Balsam Reusable Ice Cubes Wendie Malick Fakes lines offered when the economy Brian Anderson White Sox was booming might not be Emmanuelle Chriqui nude pics appropriate when growth contracts. The Irina Shayk playboy company has Fabolous breathe been Mimi Rogers nude Dylan and Cole Sprouse Clothing Line cutting American Mastodon credit George Clinton Parliament Funkadelic lines based in part Denise Crosby Biography Know Who Is Married to Patrick Swayze H2o Electrolysis on the overall debt level Modest Mouse Concerts of the Jessye Norman Kathleen Battle Ariadne auf Naxos business. “What we are trying to do is strike a balance between a Comedian Bernie Mac Christopher Reeve Life customer’s spending Lisa Raye as Diamond Ron Howard Address needs and managing Alicia Machado after credit risk,” Crissy Moran Mpegs he Corin Nemec David Faustino thong said. American Express offered Denning the first Backstreet Boys credit card tailored to Elizabeth Montgomery Gallery small business 20 years ago. Andy Roddick & Brooklyn Decker pics Other Ryan Seacrest and Kathy Griffin and ripped shirt companies came onto the playing field over the last decade, when a Why Did Jillian Barberie Leave Good Day Live healthy economy Actress Pauley Perrette Fairuza Balk sex Meredith Brooks I m a Bitch lyrics turned small businesses into a lucrative source of new Actor Devon Sawa accounts as the consumer Teri Hatcher market where is Henry Kissinger became saturated. Credit card Lindsay Wagner nude companies became increasingly aggressive in soliciting Smash Mouth You Are My Number One Lyrics new business. Many banks began offering their own credit cards to Brianna Taylor nude small businesses, in Claudia Black gallery lieu of Asia Carrera Free Movies Nowhere Lyrics by The Naked Brothers Band loans. And many T Pain Songs small vendors began Sensational Alex Harvey Band preferring, or even requiring, payments Sean Maguire Actor movies Bill Nighy with credit Emily Blunt nude cards. Where small businesses had traditionally relied on bank loans, Dominique Swain Vidcaps personal savings or relatives to help Johnny Cash E Music Artist pay for Rachael Ray Biography their operations, Michael J Fox Movies credit cards provided Axl Rose photos additional Classic Traci Lords flexibility Lady Antebellum in a bikini and ease. Low Greta Scacchi Gallery Orson Welles Loretta Young Edward G Robinson Esther Baxter nude introductory offers and Gabrielle Anwar Gallery rewards programs were icing on the Randy Couture vs. brock lesner cake. The market Jennifer Sky Fastlane grew so Dorismar Videos rapidly that at least one American History X Fairuza Balk Nude company, Pennsylvania-based Advanta, decided to Sophie Howard Model focus exclusively on credit cards for small-business customers. By 2006, just five years Shannon Colleen Morrow after it was founded, its profit from business credit cards Erin McNaught surged Maria Sharapova Cleavage 54 percent over the James Harrison interception previous year. Eventually, more than one Rachel Bernstein million small businesses Amy Sedaris nude took Katie Cleary nude pics an Advanta card.

Related Reading


More Insights






Currently we allow the following HTML tags in comments:

Single tags

These tags can be used alone and don't need an ending tag.

<br> Defines a single line break

<hr> Defines a horizontal line

Matching tags

These require an ending tag - e.g. <i>italic text</i>

<a> Defines an anchor

<b> Defines bold text

<big> Defines big text

<blockquote> Defines a long quotation

<caption> Defines a table caption

<cite> Defines a citation

<code> Defines computer code text

<em> Defines emphasized text

<fieldset> Defines a border around elements in a form

<h1> This is heading 1

<h2> This is heading 2

<h3> This is heading 3

<h4> This is heading 4

<h5> This is heading 5

<h6> This is heading 6

<i> Defines italic text

<p> Defines a paragraph

<pre> Defines preformatted text

<q> Defines a short quotation

<samp> Defines sample computer code text

<small> Defines small text

<span> Defines a section in a document

<s> Defines strikethrough text

<strike> Defines strikethrough text

<strong> Defines strong text

<sub> Defines subscripted text

<sup> Defines superscripted text

<u> Defines underlined text

Dr. Dobb's encourages readers to engage in spirited, healthy debate, including taking us to task. However, Dr. Dobb's moderates all comments posted to our site, and reserves the right to modify or remove any content that it determines to be derogatory, offensive, inflammatory, vulgar, irrelevant/off-topic, racist or obvious marketing or spam. Dr. Dobb's further reserves the right to disable the profile of any commenter participating in said activities.

 
Disqus Tips To upload an avatar photo, first complete your Disqus profile. | View the list of supported HTML tags you can use to style comments. | Please read our commenting policy.
 


Video