banking

Check out this article in Colorado Biz Magazine about banking strategies for small businesses during the market crisis and credit crunch.

First of all, don't panic. There are options for businesses seeking help and credit during this time, but it is more challenged. I really appreciate the point made by author Jay Davidson, (taken from the article, emphasis added):

Strengthen banking relationships

Take a look at this blog post written by Alan Eason. He's an entrepreneur and writes about the current economic crisis and its impact on small businesses. He says:

"Local banks take local money and primarily invest it in the local economy, in giving loans to businesses like mine. There is accountability there. There is a relationship. We are business partners. I would often go over to the bank and just talk, get help, advice and wisdom; not just deal with money. There is a lot more to running a business (and life itself) than just money."