Entrepreneurial

Why America’s small businesses are becoming like banks

By Terra Terwilliger
November 15, 2010

By Terra Terwilliger
The opinions expressed are the author’s own.

Over two years after the start of the Great Credit Crisis, banks are still not lending money. But big businesses know exactly where to go for a quick, interest-free loan … the little guy. Even as corporate profits recover, big companies continue to squeeze their small vendors, stretching out payment terms and writing late checks. Unfortunately, this blatant exploitation is damaging the small business economic engine that drives half of US GDP.

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