Credit Market Mania affecting my businesses
hmmm…
So I’m thinking about a company actually coming up w/ the money for these large deal I’m brokering…..obviously the credit markets is out of control…but I didn’t put two and two together until our today. But these transactions, if financed, are asset backed on inventory goods, so that has to be a safer loan than others, and hopefully these companies have a good credit rating?
Article I just read about credit crunch and its affects:
“Thanks in part to the subprime mess, companies are finding it harder to get financing for some deals. Right now, companies are mainly unable to finance their riskiest deals, but if the credit crunch should spread and hit most companies, average Americans may feel the pinch — in the job market.”
