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small businnes owners and foreclosure

The Next Foreclosure Wave: Large Percentage of Small Business Owners Have Toxic Mortgages

by Moe Bedard

“While Wall Street firms can comfortably borrow billions at 2.28 percent of interest, their smaller counterparts have no such arrangement. Tens of thousands of small businesses will fail this year due to government inaction and lack of credit availability. With 60 percent of national jobs to its credit, small business industry is clearly an economic [...]

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