According to the Start Up Spark blog, banks such as Bank Of America are tightening their small business loans.

This can be expected with the turmoil the banking industry is in and can be expected to continue for the time being.

However this is an opportunity for small businesses to set the example and be sure to live within their means. One of the problems that have faced too many small businesses is that they fall into the trap of easy credit and then get themselves in trouble by not being able to the make the payments.

Dave Ramsey is an excellent source to learn how to live within your means both personally and in your business.