Small Business Financial Crisis
The world of finance for small and medium businesses was changing even before this year's financial crisis–but now the changes are galloping.
Money is moving around the world like never before. When you borrow money, even from an American loan officer working for an American bank, the money may well have come from China or Kuwait.
Securitization of business is common–and you may never know that your loan is being securitized.
On top of these on-going trends, we're in a financial crisis triggered by the housing meltdown, subprime collapse, and now a general credit crunch.
I know things are tough for small business, so I wrote a short e-book that explains what's been happening, why the melt-down happened, and what business owners need to do now to get credit in the coming years.
(My ebook website is no longer available, but I'll email a free copy upon request.)
Comments
While subprime lending, credit shortages, and the housing meltdown are signs of the current economic crisis, they are not the root causes of the calamity. What do these three symptoms have in common? Over regulation by Federal Bureaucrats. The capitalist market is an amazing system that is able to take in hordes of information, make sense of this information, and take proper action. The problems arise when government steps in and prevents capitalism from functioning. Steve Forbes describes this beautifully in his new article: http://www.forbes.com/hcome/forbes/2008/1110/018.html. You should give it a look. I’d love to see you comments on it.
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I am grateful that I sought to seek the advice of Glenn Llopis 12 months ago at Blue Lake. He delivered a downpour of knowledge on how to tune-up our small business ventures. His confidence and breadth of experience were quite apparent during our first meeting. Glenn gave me incredibly powerful insights on how to utilize my business assets in order to find new market expansion opportunities. I contacted Glenn again for further business strategy consultation, and I must say that his suggestions proved once again valuable and profitable for my company.