Issue #9 DECEMBER 2008
The Top 9 from 411SmallBusinessFacts.com
Data for the Credit Access Poll have been collected, prepared and posted on 411. The news from this Poll issue is bleak, a particularly disturbing point being the too common incidence of mortgages (seconds, typically) on residences used to finance the business. Little has appeared on the tie between real estate and business financing in either the popular or the academic press. But small business owners hold considerable real estate beyond that directly associated with operation of their primary business. About one in ten currently own property that is upside-down. So, while the consequences of real estate ownership in the past may have bolstered and reinforced business finances, they could prove to be a real drain on them in the current climate.
Two new Polls, Independent Contractors and Crime, should be posted on 411 prior to the next newsletter. That will be followed by Owners and Managers, a little different look at the world of smaller businesses.