Small companies denied credit as big firms thrive
by teamextension, Contributor
- Created: July 14, 2010, 10:03 pm
This is an Associated Press news article regarding small business credit.
Big companies are building up cash and are expected to report strong earnings starting this week. Not so for small businesses that can't get loans - or hire freely until they do.
The gap helps explain why the economic rebound isn't stronger and could even stall. Federal Reserve Chairman Ben Bernanke stepped up pressure Monday on banks to break the logjam and lend more to smaller firms, which employ at least half of American workers.
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