Debt Financing
Although your article “Small Business Still Caught in Group of Credit Crunch” (Dec. 1) focused on real estate lending, it explained what is the greatest problem facing all middle-market companies today: increasing difficulty in securing debt financing.
Deals that were doable two years ago at commercial banks are not doable today, even through the national economy is clearly recovering and the prospects for middle-market companies are much brighter.
Unfortunately, this reluctance to lend is itself slowing the recovery. Without financing, most companies cannot expand operations and add employees.
RUSSELL HINDIN
Los Angeles
