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SBAM in the News

January 19, 2010

SBAM President and CEO Rob Fowler is quoted in today’s Detroit News in a story healdlined “Small businesses in distress.” Excerpt:

Businesses that are closing for lack of credit run the gamut, said Rob Fowler, president and CEO of the Small Business Association of Michigan. No one is safe, and there is no protection from banks that suddenly demand loans be paid back, even if the business has no cash to repay it. “This is an acute problem that’s happening at a higher rate than last year,” Fowler said. “It’s very serious, it’s very real.”

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