Forum Posts

Sujon Kumar
Apr 03, 2022
In Welcome to the Forum
During this period, thousands of small Telephone Number List business owners used these business loans and lines of credit to access the capital they needed to fund working capital needs that included payroll expenses, equipment purchases, maintenance, repairs, marketing, tax obligations, and expansion opportunities. Easy access to these capital resources Telephone Number List allowed many small businesses to flourish and to manage cash flow needs as they arose. Yet, many business owners grew Telephone Number List overly optimistic and many made aggressive growth forecasts and took on increasingly risky bets. As a result, many ambitious business owners began to expand their business Telephone Number List operations and borrowed heavily from small business loans and lines of credit, with the anticipation Telephone Number List of being able to pay back these heavy debt loads through future growth and increased profits. As long as banks maintained this 'easy money' policy, asset Telephone Number List values continued to rise, consumers continued to spend, and business owners continued to expand through the use of increased leverage. But, eventually, this party, would come to an abrupt ending. When the financial crisis of 2008 began with the sudden Telephone Number List collapse of Lehman Brothers, one of the oldest and most renowned banking institutions on Wall Street, a financial panic and contagion spread throughout the credit markets.
0
0
14
Sujon Kumar
More actions