Saturday, April 18, 2009

Availability of credit in the US

The New York Federal Reserve Board released earlier this week it's Empire State Manufacturing Survey:

Most respondents cited little or no difficulty obtaining financing for either long-term commitments (capital investment) or short-term needs (operating expenses). Moreover, fewer than 10 percent of those surveyed indicated that problems obtaining credit had adversely affected their production or sales.

So credit is available to businesses that can demonstrate a capacity to repay...

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