With bank credit frozen, small U.S. businesses starting to turn to microlenders (Washington Post)
Business Tips for Moms on March 7th, 2010
Ryan Fochler’s life changed six years ago when he left his job in the computer industry to buy an Arlington County-based dog-walking business with $50,000 in personal savings and a home-equity line of credit. The firm grew quickly, with revenue more than doubling each year. By 2008, Fochler was ready to expand the business into a full-fledged pet day-care service called Dog Paws ‘n Cat Claws.
