One thing I'm seeing quite a bit of in this credit-restricted environment, is an inability to establish, or even maintain, backup credit lines, and it's having a very restrictive ripple effect.
A lot of companies I deal with are accustomed to maintaining untapped credit lines, as 'emergency' backups. Yeah, there are some fees involved, but in most cases they're worth it.
But recently it's been difficult for many small businesses to establish new lines, or even to renew existing lines; sometimes only on very onerous terms, other times not at all.
The ripple effect is that without that backup cushion, these companies are having to scale back their growth plans, or perhaps forgo potentially lucrative projects. Without that undrawn credit line safety net in place, there's just too much perceived risk, in their view. And so like ripples in a pond...
That's just a particular subset of the overall "access to credit" problem currently facing a lot of small bizzes, of course, but it's particularly acute for those small enterprises that rely on access to credit lines to help fuel their growth.
...it was early and I was full of no coffee...