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Remember the book called "Catch 22"? It is now commonplace to call a "Damned if you do, and damned if you don't" situation a "Catch 22". This is a predicament that many small business owners have found themselves in. Running short of cash, the owner goes to the bank to borrow money, only to find that they don't qualify for a loan because they don't have enough money. This is quite maddening to the business owner who laments, "If I had enough money, I wouldn't be asking for the blankety-blank loan!"Seems kind of stupid, but you have to understand what
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Restoring the flow of credit to entrepreneurs (Los Angeles Times)
A Treasury Department program aims to make it easier for lenders to find buyers for the loans they make. The credit crunch looks like an espresso machine.
Mon, 01 Dec 2008 05:42:51 GMT



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