Sunday, Nov 01, 2009
The Credit Crunch
Reuters: CIT failure to leave small businesses floundering
CIT filed for bankruptcy protection on Sunday, and said its creditors have already approved the century-old commercial lender's reorganization plan.
But the company's long-term prospects are uncertain and the bankruptcy could leave more than one million small and medium-sized businesses looking for another source of funding, lawyers said.
Posted by devo @ 10:16 PM (275 views) Add Comment
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