Small Business Bankruptcies Rise 81 Percent in California
As credit lines have shrunk and consumers have cut back on spending, thousands of small businesses have closed their doors over the last year. The plight of struggling firms has been aggravated by the reluctance of banks to lend money, said Brian Headd, an economist at the Small Business Administration’s office of advocacy. http://www.latimes.com/business/la-fi-smallbiz-bankruptcy22-2009dec22,0,3305684.story