Description: In the glory days of the digital photo frame business, when his products were still a novelty and shoppers were flush with cash, getting a bank loan to manufacture them was a cinch, Michael Levy says.

Source: NYTimes.com

Date: 01/30/2010

Link: http://www.nytimes.com/2010/01/31/business/smallbusiness/31order.html?ref=business

Questions for discussion:

• Summarize the problems facing small businesses since the financial crisis hit?
• What alternatives are small business owners employing as a result of the credit freeze?
• What are the possible consequences of these changes?
• Do you believe they are permanent or will borrowing practices return to what they were before eventually?