Affects of Recession on Small Businesses
The Small Business Outlook for 2009
To gain better insight into the effects of the recession on small and home businesses, BusinessKnowHow.com ran a survey in March (2009) to find out how business owners think their businesses will do this year compared to last year.
For Some Small Businesses, Recession Is Good News
From thrift stores to repair shops to auto garages, the recession brings new opportunities to plenty of small businesses.
Small business lending drops 57%
Small businesses seeking loans are fighting a number of opposing forces.
Small-business owners in Dallas area rely on smarts in recession
Maria Lott, co-owner of Dallas-based Recycle Revolution, turned three salespeople into independent contractors to cut costs.
Fed survey: Banks say loan demand falls
Denver Business Journal
About 45 percent of U.S. bankers reported weaker demand for commercial and industrial loans from large firms during the second quarter, and 55 percent indicated weaker demand from small firms.
The October 2009 Senior Loan Officer Opinion Survey
on Bank Lending Practices
The October 2009 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the supply of and demand for loans to businesses and households over the past three months.
Get Economy Back on Track With Small Biz
Kansas City-area manufacturers adapt to survive recession
Kansas City Business Journal
Manufacturing sales are down an average of 4.81 percent in the Midwest, and profit per employee has dropped to $3,738 from $11,094 last year, according to data from Sageworks Inc.
Small firms grow, even thrive, by adopting new strategies to outlast recession
While 60 percent of small firms said it's unlikely the financial crisis will force them to shut their doors, 22 percent said it's somewhat likely and 14 percent said it's very likely, according to the February Discover Small Business Watch.
Small Business Adapts to Lean Times
New York Times
When Richard Mecaskey bought the Reliable Auto Paint and Supply Company last April, the former steel company executive figured that his new venture in the Cleveland suburb of Maple Heights was recession-proof. It has not worked out that way.
Small Business Economy Provides Details of Struggling 2008 Economy
Small Business Administration
Since the mid-1990s, small busi¬nesses have accounted for 64 per¬cent of net new employment.