Credit card limits cut on 58 million, affecting small-business owners

08/23/2009 | Bloomberg Businessweek · NYTimes.com

Although a lot of attention has been focused on credit card companies reducing their limits, Consumers Union attorney Gail Hillebrand said the small-business dilemma has gotten little buzz. As the lending crisis mounted, small-business owners began using their personal cards for business needs, so cutbacks by credit card companies have created cash-flow problems at small firms, she said.

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Bloomberg Businessweek · NYTimes.com