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The Skanner News - Small Business Owners Feel the Credit Crunch

Borrowing for small businesses was already constrained due to rising interest rates. Following the recent collapse of Silicon Valley Bank and Signature Bank, some lenders – particularly the small and midsize banks that serve small businesses may be forced to tighten credit further ....

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Detailed text transcripts for TV channel - MSNBC - 20140131:11:16:00

Wonderful idea but it has consequences. every action has a reaction. i think the frustration that small business owners feel and, you know, we are in new york and, you know, you get to speak to people who always come up and say, why doesn t anybody talk about the plight of the people actually hire people, and those have been recent history have been the small business owners in this country. they are not hiring because of health care and because of uncertainty about minimum wage, because of regulations and that is part of why, not only is unemployment stagnant but it feels bad. ron, i want to get you in on this. corporate profits are fantastic. wall street profits are fantastic. small business owners out there are living and dying on the thinnest of margin. these things that sound great in think tanks and around talk shows and the middle of manhattan have real consequences in middle america for small businesses owners. ....

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