An interesting tidbit for today's blog: An article appeared in today's Wall Street Journal that does not bode well for small businesses. (See Emily Maltby's “”)
Fear of another banking crisis, complicated SBA loans, and what banks feel is pressure from regulators no
t to lend (among other factors) has put small business in a predicament. While there is no easy solution, it will
be interesting to see what effect financial regulatory overhaul will have on banks' willingness or ability to take on risk.
Let's hope that that small businesses survive financial regulatory reform. This coupled with the recent onslaught of new taxes, mandates, and perverse incentives via health care reform are creating horrific challenges for entrepreneurs.