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Walmart in Harlem Gets One Thumbs Down, and Small Business Loans at 12-Year Low

CNBC Small Business - Around the Web
CNBC Small Business - Around the Web

Small business loans less than $1 million have been shrinking since June 2008, reports MSNBC.com; currently, small business loans are at a 12-year low, even as bank profits have reached a four-year high.

The Huffington Post reports on a study by Manhattan Borough President Scott Stringer that concludes that as many as 41 small businesses could close if a Walmart opens in Harlem. Walmart responded by saying the data is flawed.

National Public Radio's Hard Times: A Journal Across America series has been compiling stories of businesses and workers who are trying to manage four years into an economic slump. You can catch up on the series here.


email: patricia.orsini@nbcuni.com