According to Scott Shane, entrepreneurs with poor credit rating history are the ones who face serious credit crunch.
Entrepreneurs with poor credit have to pay so much more than entrepreneurs with good credit to borrow money from their peers right now, the former are probably unable to borrow money at rates that let them profit from the opportunities they are pursuing. This pattern supports what many economists have said recently: the entrepreneurs with poor credit are the ones facing a severe credit crunch.
Don't worry, Scott presented data analysis about this claim. Check it out in his article at Entrepreneurs with Poor Credit Face Crunch.
Entrepreneurs with poor credit have to pay so much more than entrepreneurs with good credit to borrow money from their peers right now, the former are probably unable to borrow money at rates that let them profit from the opportunities they are pursuing. This pattern supports what many economists have said recently: the entrepreneurs with poor credit are the ones facing a severe credit crunch.
Don't worry, Scott presented data analysis about this claim. Check it out in his article at Entrepreneurs with Poor Credit Face Crunch.
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