Credit is so tight right now, that the only people and companies that can get a loan are those who don’t need one. In the past 18 months, credit has dried up to the point that getting even a short term, 30 day loans, for your start-up business is almost impossible. When I tried to get a loan for a new computer for my business in July, I couldn’t get credit from the computer company, my credit card company had already cut the credit on all my card to what I owed, even though I was not late and was paying my bills, and the value of my house had dropped 30%, so there was no longer any equity in it to get a loan against

What I ended up having to do, was to get a payday loan to get the computer system. It ended up costing me a bunch of extra money, but if you can’t make a living because your computer system’s down, what else can you do. I’m still trying to figure out where all the money went that the banks got to help with the credit crunch, they sure as heck didn’t have any for me when I needed it…