A recent survey from the National Federation of Independent Business showed the worst earnings trends for small businesses in the survey’s 35-year history. With banks too jittery to lend, credit-card companies reducing limits and investors hard to find, many small businesses find themselves struggling to stay on top of their collections and pay their own bills.
The Wall Street Journal spoke with Charles Doyle, managing director at Business Capital, a San Francisco company that helps small and midsize companies restructure their debts. We asked him about the common mistakes small businesses make with regard to debt and what they can do to avoid having to call someone like him. Mr. Doyle says business at his company is up as much as 90% in recent months……….
The article goes on to discuss alternative sources of capital, here.