Comments on: Exclusive: Fewer small businesses shopping for credit: PayNet Grow your own Thu, 26 Mar 2015 12:32:24 +0000 hourly 1 By: Claudius1090 Tue, 07 Jun 2011 14:13:33 +0000 Mr. Phelan is obviously not well informed. The main reason for the fall in credit applications is that many small businesses have collapsed by now and thus need no more credit.

Further, I would suggest that Mr. Phelan actually bothers to shop for credit himself to experience what happens if you walk into a bank and “ask for better credit terms”.

I am surprised that Reuters is consulting with Mr. Phelan who is obviously only a paper tiger and has no idea of what is happening outside his office.