Reflecting on the Cash Advance Industry in 2009

2009 has been one of the most turbulent years for business in recent history. Although some more than others, nearly every industry has been touched by the economic downturn, including the business cash advance industry. At the beginning, this industry was hit by a record number of defaults because of all the business failures. This really hit some of the small cash advance providers pretty hard and many others had to reevaluate their approval policies. [...]