No matter how you slice it, 891 billion dollars is a lot of money. That sum is the amount that banks have at risk in commercial paper, the short term loans that banks use to lend money on bigger loans.
What we have is a production line where one part of the line is coming to a full stop. This is why so many central governmental institutions are stepping in to get things rolling.
Already there are signs that the panic is starting to abate, but unless the commercial paper market gets going again soon, things could be ugly.
TIP: What's an entrepreneur to do? One avenue is to investigate an SBA loan. These are still moving strongly, with bankers fighting to get into the game. Different banks have different features and guidelines for their SBA loans, so it helps to have a broker working with you. Call me at 913-754-1001 to see if that's a workable solution for your situation.
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