Monthly Archives April 2019

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Facts: Some Small Business Owners Should Consider A Line of Credit in Case of a Recession.

Recently Bank of America (BOA) conducted a survey that small business owners should prepare for a recession. The behemoth institution claimed that, “More than 2/3rd of business owners have taken steps for an economic downturn.” Forecasting is extremely important for financial markets and no one can truly predict what Mr. Market is going to do. Of course, finance pundits, companies or banks that have been in existence for more than a quarter of century can be a slight exception – why? Historically, having survived other economic downturn and recessions, these companies that lived thru the darkness of it and survived financially can be a resource for future outcomes. The key word here is “resource” not “certainty...

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