By Guest Columnist GRACE FRICKS, founder and CEO of the non-profit Access to Capital for Entrepreneurs
Small business is the backbone of the economy; the engine for economic recovery.
You won’t find a politician, a pundit or an economist who will disagree with that statement. But by 2008, with our economy in full slide, most lenders tightened the purse strings to the extent that a significant population of small business owners – those defined as microentrepreneurs – couldn’t get access to the money they needed to create or maintain their enterprise.
