Monday, April 07, 2008

Greenwich Associates - Business Credit Tightens

Today's Wall Street Journal (subscription required) reported credit is getting tighter and more expensive according to a study released last week by Greenwich Associates.

The survey was based on a February poll of 300 large companies in Asia, Europe and the United States.

On the surface, the conclusion of tighter and more expensive credit doesn't surprise me.

What does surprise me is that the study reaches the conclusion the credit crunch is hardest on "smaller" companies and those with below investment grade credit ratings.

Now I admit to not having seen a copy of the study. But exactly which of those 300 large companies are considered "smaller"? Would that be the small "large" companies with only $500 million of revenue or only $5 billion of revenue?

Are you a smaller company that needs help finding the right lender or telling your story the right way? Read "Matchmaking for Business Loans" and give me a call!

Tags : Wall Street Journal , Greenwich Associates , credit crunch , small business

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