Friday, October 24, 2008

Small business loans are hard to get

AIG Taps $90.3 Billion From Government Credit Line

American International Group Inc. has used $90.3 billion of a U.S. government credit line since it was bailed out last month, an amount exceeding the size of the original loan meant to save the insurer. AIG may need more than the $122.8 billion now available to the New York-based insurer, Chief Executive Officer Edward Liddy said Oct. 22.

Posted by alan @ 07:30 PM (689 views)
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2 thoughts on “Small business loans are hard to get

  • planning4acrash says:

    My first dissertation identified that cash flow, not profitability is the primary problem for small business. Obvious, but relevant. Profitable/productive businesses will be destroyed. Devastating stuff. Destruction of economy, society and dreams.

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  • P4AC
    Of course cashflow is needed, but you need profit to either develop it or buy it (overdraft). So I’d say that profit is more important because with it you can buy and or develop your own cashflow without profit the business is screwed before it’s started.

    You obviously put a lot of time into your dissertation but really IMO if you can demonstrate profitability you can get cashflow.

    If you had lots of money but no profit you would end up with no money.

    So surely profit is the primary problem. Without profit there is no business to have a cashflow problem.

    Sorry to have to pick you up on that one but I couldn’t let it lie.

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