Weakened retail sales and business spending on capital equipment. Dramatic cutbacks in manufacturing production. The longer-term advances in technology and accompanying gains in productivity, however, exhibit few signs of abating and these gains, along with the lower interest rates, should support growth of the economy over time. Small businesses greeted the rate cut enthusiastically, pegging consumers and small businesses as the main beneficiaries. Small business communities cite cash-flow issues as one of their biggest challenges.
Small businesses find themselves at the bottom of the credit food chain.
They traditionally get the least marketing, the worst terms and the least availability of credit. As interest rates go down, small businesses can do a whole lot more. So, yesterday's rate cut won't be as big a boon for them. Inc. Privacy Statement and Legal Notices Reproduction or unauthorized use of this material is prohibited.