Making Cents: Banks can end equity credit lines (The MetroWest Daily News)
Do you have a home equity line of credit? Be careful. I have seen two situations where the owners of the property have received letters from the bank to shut the lines down. They weren't asking the homeowner to stop drawing on the line; they simply turned off their ability to draw down any more money.
FastUpFront New Technology Frees Small Business Cash Advances from Credit Card Processors (Business Wire via Yahoo! Finance)
CLIFTON, N.J.----FastUpFront introduces a new technology that provides small business to qualify for unsecured cash advance loans. Traditionally, these loans were only available from the business's credit card processor, making these companies vulnerable to inflated costs, bad service and refusal.
How Small Business Owners Can Cope with the Crisis - BusinessWeek (BusinessWeek)
Forrester: Credit crunch may freeze tech services projects (ZDNet)
Forrester Research in a report is confirming that the credit crunch is beginning to hit technology services firms. The extent of the damage is unclear, but IBM's lower-than-expected third quarter revenue (its earnings are stronger than expected) may indicate something worse is afoot. Forrester's report indicates that customers are putting off new projects, trying to negotiate new terms and ...
New Technology Frees Small Business Cash Advances from Credit Card Processors (PRWeb)
Small business can now seek advantages of dealing with a third party and are no longer tied to their credit card processor for unsecured cash advances.