Bailout is just a beginning
What do a Durham brewery, a doggy day care and a PC startup have in common? Credit needs
The turmoil in the financial markets has trickled down to Sean Wilson, who is trying to raise money for a new brewery in Durham.
Wilson has $150,000 so far but recently was told by two potential investors: "I can't do it right now because I don't have the funds. My portfolio is down."
For months now, the credit crunch that has staggered the nation's financial system has created problems for businesses that need loans or investors. This week, as Congress worked to create the financial rescue plan that passed Friday, lending requirements got even tighter, with devastating results for some companies.
Resources for
