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Small Business World News Round-up - 2009/11/03

The Small Business Blog

Small business credit cards flourish as loans disappear : Want a loan for your business? That’s about all banks are going to offer — and the terms are much less favorable than traditional lines of credit. Digg Furl Netscape Yahoo! Hit the plastic.

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16 Timeless Truths of Financial Freedom

Success

One day, she meets a barista named Henry who becomes her mentor. The “down” escalator is racking up debt on high-interest rate credit cards , going into debt to buy things you don’t need, taking out payday loans, and borrowing money to invest in things that can go down in value. That’s a recipe for being broke for life.