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.
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 beforeÂ eventually?