Businesses gain goods, services by bartering through exchanges

Businesses gain goods, services by bartering through exchanges

www.dispatch.com

More businesses are turning to bartering exchanges as the credit crisis has caused many traditional sources of business financing to dry up.

In fact, 75 percent of banks polled in the October Federal Reserve loan officer survey said they've tightened their lending standards for small-business loans within the previous three months. And 90 percent said they were charging more for loans and credit lines. Government-backed loans are also declining.

The Small Business Administration guaranteed 8,996 loans during the first quarter of fiscal 2009, a 57 percent drop from the 20,859 loans that were guaranteed during the same period a year earlier.

(visit the link for the full news article)



[edit on 26-5-2009 by DimensionalDetective]

Smart idea...

Being a small business owner myself, I can see this becoming a more commonplace activity, particularly as the economy continues to worsen, and the fed and gov continues to devalue the buying power of the dollar on a daily basis through perpetual overprinting and overspending practices.

Perhaps bartering of skills and services, along with items of value will be the NEW system of aquiring needs in the future?

www.dispatch.com
(visit the link for the full news article)