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limited availability of credit and the slow-moving federal programs that are supposed to help small businesses.
Many banks, for instance, have tightened the availability of credit in anticipation of future loan losses in commercial real estate and home mortgage loans. Others have clamped down generally in an effort to improve their balance sheets while they wait for Congress to complete work on financial re-regulations that might require them to put aside additional capital reserves or submit to tougher regulatory oversight.
While the Obama administration has taken steps in recent months to loosen the clogged credit pipelines overall, these programs have done little to unlock credit for small business owners and retailers. Many of these business owners
89.9%