Small Business Loans Drop: Does This Foreshadow a Slowing?

gloriasimmon
By gloriasimmon on Sun, May 5, 2013 - 11:50pm

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Small business is the backbone of America’s economy. While large multinational companies tend to get all of the attention, it’s the small companies that are critical to the country’s economy.

From your local “mom and pop” shop to the independent watering hole around the corner to the small manufacturing company making widgets, small companies are critical to the economy.

These are the companies that tend to fare better than other companies when coming out of a recession or a slowdown, due to their ability to make quick decisions in response to rapidly changing business variables.

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