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As a small business with 2 solid years of growth, I was counting on a bank loan this quarter to expand into adults, launch the Joey & Rex book series in January, bring silk screen in-house and hire an office manager.
bank loan is not going to happen and everything has been scaled back to just launching the books.
I don't see the credit market as viable for small companies like mine for at least a year. I'm a tiny small business and can keep going with key help from friends, just won't be able to grow as fast as I would like. From an economy strength standpoint, I worry about the 10 person small company that wants to double its size, increase manufacturing capabilities, etc. I think there are a lot of these companies out there and not having access to capital, they won't grow and our economy won't grow.
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Tru6 Restoration & Design
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