homeWelcome, sign in or click here to subscribe.login
     


 

 

Money


Subscriber content preview

September 19, 2022

Is a line of credit right for your business recession plan?

  • A business line of credit may make sense for some, but there are drawbacks.
    • By LISA ANTHONY
    NerdWallet

    More than 90% of small-business owners are worried about experiencing an economic recession over the next 12 months, according to a June 2022 Goldman Sachs survey.

    Because lenders tend to tighten their lending standards during recessions, small-business owners may be looking for ways to secure funds before access to credit is possibly reduced.


     
    . . .


    To read this story in full login or purchase a subscription.



    
    Email or user name:
    Password:
     
    Forgot password? Click here.