Should Businesses Take on Debt Now?

Filed in archive Financial on March 22, 2009

BusinessWeek took a close look Friday at the pros and cons of taking on debt during a recession. The piece in timely because the Obama Administration recently unveiled plans to spur lending to small businesses.

Karen E. Klein talks in the article to Sanford Ehrlich, executive director of San Diego State University's Entrepreneurial Management Center, to Maria Minniti, a professor of entrepreneurship at Southern Methodist University's Cox School of Business, to Daniel Meyerov, a small business consultant and founder of OnlyBusiness.com, and to Dan Mica, chief executive of the Credit Union National Association and former U.S. Representative from Florida. Between them, they take a look at the opportunities for expansion that a recession can provide and at the drawbacks to taking on debt now. It's an interesting piece.


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