Small Business Squeeze?Fed Announces Plan to Tighten Lending After Recession Ends
The Pantagraph Bloomington, IL › February 11, 2010
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Summary
BLOOMINGTON - After years of planning and many false starts, Amy Calhoun is ready to open her new wine cafe next month - an expansion of the downtown boutique store A. Renee she co-owns that will add eight to 10 jobs to the local economy.
She did it without the help of local banks, she said, and not for lack of trying. In her most recent round of appeals last year, she said she asked four local banks for a "nominal" loan.See the full content of this document
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Small Business Squeeze?Fed Announces Plan to Tighten Lending After Recession Ends
She got close only once, and that lender's own troubles sunk the plan.
"Even with using equity in our homes, there wasn't a darn thing that could be done," she said. "A sign is when no one will call you back."Eventually, the business rai...See the full content of this document
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