All Eyes Focused On Wall St.

The crisis on Wall St. is the latest in a series of blows impacting our nation’s small and mid-size businesses.

The latest financial crisis is sure to result in even more stringent borrowing standards and tighter credit.

“If you’re seeking a new line of credit, [the effect] will be instantaneous,” says Andrew Zacharakis, professor of entrepreneurship at Babson College in Wellesley. Interest rates will move higher and the bank-loan approval process will be more rigorous, he predicts, in an article in today’s Wall St. Journal.

We’re sure to see a pullback in company spending and start-ups will have to look elsewhere to secure financing…

Small Firms See Financing Harder To Get

JOHN PRESCOTT

BostonKayakGuy

Top Real Estate Agent for more than 14 years, serving the real estate needs of  Wellesley, South Natick, Weston, Needham, Wayland, Newton, Framingham and other MetWest communities.  www.johnprescott.net

JOHN PRESCOTT

Vice President

Century 21 Commonwealth

508-523-9252

“Boston Kayak Guy. . . The MetWest  Scene”

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