Business and Residential Finance Issues - Making Lemonade out of an Economic Lemon

March 16, 2009

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In Charles Dickens' A Tale of Two Cities, Sidney Carton utters a famous line set in the time of the French Revolution, "It was the best of times; it was the worst of times..." The quote seems appropriate today as well, as we are bombarded with media headlines that describe the struggles of large financial institutions and the details of numerous business failures and layoffs.

At the same time, it is hard not to notice that interest rates are bouncing around at historic lows. Shrinking property values and stronger underwriting requirements means that borrowing money to finance business needs or purchase a home is not what it used to be. Just the same, this may be a great time, and perhaps the opportunity of a lifetime, to finance long-term business or personal indebtedness.

Delving below the surface of the headlines in Western Massachusetts produces some interesting findings:

You may read more at the link below.

by: Francis R. Mirkin, Esq.

BusinessWest
March 16, 2009

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