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FC Member Blog

Credit Crunch, not a Credit Freeze

BY Ilya Bodner | 10-13-2008 | 4:10 PM
This blog is written by a member of our blogging community and expresses that member's views alone.

First of all, it's a credit crunch not a credit freeze!

Sure, banks are more cautious about their lending, but when were they not?  The reality is that the majority of banks are lending, and to remain profitable they will continue to lend to small business owners.  Those that understand the situation are acting now!

"Buy low, sell high"

With the current economic low, it is the best time to get financing at a low rate, with lower-than-ever requirements.  Big banks like Citi and HSBC are making their decisions based on business credit scores, not personal fico's. 

 

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Sincerely,

  

Ilya Bodner

Small Business Owner

Initial Underwriting Group

 

*Breaking Down The Barriers To Small Business Financing*

 

www.initialunderwriting.org

www.strongbusinesscredit.com