Skip to main content
Bernstein Burkley
  • Practice Areas
    • Overview
    • Bankruptcy & Restructuring
    • Business and Corporate Transactions
    • Creditors’ Rights
    • Litigation
    • Oil & Gas and Energy
    • Real Estate
  • Our Attorneys
  • About Us
    • Our Approach
    • History
    • Law Lists
    • Professional Memberships
    • Careers
  • Resources
    • Bernstein’s Dictionary of Bankruptcy Terminology
    • Links
    • Five Minute Legal Master videos
    • Blog
    • Legal Publications
  • News
    • Cases Archive
    • Firm News
    • In the News
    • Industry News
  • Contact
CALL - 412 456 8100
Connect
  • Facebook
  • Twitter
  • LinkedIn
Bernstein Burkley
  • Practice Areas
    • Overview
    • Bankruptcy & Restructuring
    • Business and Corporate Transactions
    • Creditors’ Rights
    • Litigation
    • Oil & Gas and Energy
    • Real Estate
  • Our Attorneys
  • About Us
    • Our Approach
    • History
    • Law Lists
    • Professional Memberships
    • Careers
  • Resources
    • Bernstein’s Dictionary of Bankruptcy Terminology
    • Links
    • Five Minute Legal Master videos
    • Blog
    • Legal Publications
  • News
    • Cases Archive
    • Firm News
    • In the News
    • Industry News
  • Contact
Blog
Blog

The “Credit Crisis” Still Exists

Posted on July 2, 2009 by Bob Bernstein

It’s gotten pretty quiet out there about whether businesses can get loans; what was known as the “credit crisis.”  It hasn’t loosened up very much. Maybe there is money to lend.  Maybe there isn’t.  Even if there is, it seems that only those busineses with good credit, good assets and a good business plan will qualify.  These are the best risks.

But there is still another credit crisis out there.  That is the crisis that small- and medium-sized businesses are facing daily.  The question of whether to extend credit to its customers is a daily issue.  Can we afford to use up our limited credit line on extending credit to new customers?  What if we need it for materials or staff?  Or advertising?  Are there was to reduce our risks to enable us to get the business without losing our shirts?  These are questions that are asked more and more frequently as this recession continues.

Credit managers and other treasury people need to worry about these issues and make decisions based on proper policy, proper risk analysis and proper documentation (when they do lend).

Business owners and managers:  make sure you are thinking about this stuff other than when the need is immediate.

Bob Bernstein

Share on:
  • Facebook
  • Twitter
  • LinkedIn

2 thoughts on “The “Credit Crisis” Still Exists”

  1. Vernon Holsclaw says:
    October 11, 2010 at 11:29 pm

    I like to think that we will find a solution. America tends to have a way of solving even the worst problems.

    Reply
  2. wpolscemamymocneseo says:
    January 12, 2011 at 12:31 am

    As a Newbie, I am always searching online for articles that can help me get further ahead

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Dictionary of Credit Terminology
  • Bernstein’s Dictionary of Bankruptcy Terminology
  • Links
  • Five Minute Legal Master videos
  • Legal Publications
  • All Posts
  • Blog
  • Press Releases
  • Uncategorized

Archives

Bernstein Burkley

Copyright © 2023 Bernstein-Burkley

best lawyers 2022lawyer of the year Harry Greenfield
ones to watch best lawyers 2022

 

 

Top Bankruptcy Attorney in Cleveland

Links
  • Disclaimer
  • Knowledge Base
  • Privacy Center
  • Site Map

Bernstein-Burkley, P.C.

Phone: 412.456.8100

Fax: 412.456.8135

Email: info@bernsteinlaw.com

Connect