Web.com Small Business Tip of the Day: Small Exporters Rejoice - Forum.web.com
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Web.com Small Business Tip of the Day: Small Exporters Rejoice

International trade declined dramatically during the recent economic slump, according to a new report released by the SBA’s Office of Advocacy.  The report, The Impact of Credit Availability on Small Business Exporters, examined the relationship between credit conditions and small business exports. Credit tightening is one reason for the dramatic drop in exports (14 percent) between 2008 and 2009, and small businesses were affected the most. Credit is especially important for exporters because they need to finance their working capital to compensate for the risk involved in cross-border transactions. Good news: The future is brighter for small exporters as credit restrictions are loosening and banks look to increase their commercial lending.

 

Maria Valdez Haubrich

Maria Valdez Haubrich

Maria Valdez Haubrich is Chief Liaison Officer of GrowBiz Media, a media company that helps entrepreneurs start and grow their businesses. Visit her company’s blog at SmallBizDaily.com.
Maria Valdez Haubrich

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