Front page of Globe and Mail today - Headline = ' SMALL COMPANIES / BIG SQUEEZE '
The article highlights the fact that the recession ended, but not the Small Business Credit Crunch !
The article, by Joanna Slater, talks about even ' the healthiest' of small firms not being able to get business financing .
The article has the usual info that we all know of course, that small and medium sized business is the employment engine of the economy - also highlights a new OBAMA fund of 30 Billion to help fund small business .
Naturally as the small and medium sized firms struggle to get a couple hundred thousand dollars
of credit line the Kraft Foods of the world are floating 9 Billion Dollar bond deals to buy their competitors . The big get .. bigger ..
The article is dead on in saying that as bank health is in the spotlight that small business feels it worst - One business owner is quoted in the article saying ' Based on what I have heard I haven't even bothered to go into a bank ' ..
Can we all agree Canada is in the same position - Lets let good small and medium sized firms in Canada get the financing they need !
Stan
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