The Columbus Dispatch: Local credit can be had, but pinch is tightening

AFFIL appeared in this article by Steve Wartenberg on September 9, 2008

Brenda Stier is starting to hear rumblings from other members of the Columbus Chamber’s Small Business Council.

The credit crunch that has plagued the nation is starting to affect local small-business owners, she said. Lines of credit, the lifeblood of small business, are starting to run dry because of a lack of investment capital.[…]

“The bailout plan is intended to undo the logjam in liquidity,” said Kathleen Engel, a professor at Cleveland-Marshall College of Law and board member of the Americans for Fairness in Lending.

“They’ll have cash, they will be able to make loans, and it will instill some trust in the market.”

Read the full article