The crunch isn't over yet - I was on a call with some college friends recently and they were joking about which of their firms would go down first, UBS or Lehman. After the Bear bailout, probably neither. Still - not a good sign that the financial crunch, meaning lack of credit even for good borrowers, is over.
If you are a small company looking for money in this environment - look to friends or family. The banks or other lenders are looking elsewhere for now, Treasuries anyone?
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