Expert Advice on Small Business Credit

A banker and an accountant explain what borrowers should be doing in terms of their existing loans and interest rates, and discuss future credit availability

The financial crisis has touched off worries among entrepreneurs about the status of their business loans and credit lines (BusinessWeek.com, 9/26/08). Will they have trouble rolling over their credit lines? Will new credit be available for small companies looking to fund operations? Smart Answers columnist Karen E. Klein posed some basic questions to two experts about this issue: Alex Grinewicz, executive vice-president for lending at Columbia Bank in Fair Lawn, N.J., and Nick Florio, an accountant and senior partner at accounting firm Citrin Cooperman in New York City. Edited excerpts of their conversations follow.

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