Small businesses vital to economic recovery go bankrupt

Entrepreneurship and new small businesses are supposed to lead us out of the recession, just as they have in prior downturns, right?

Sure. Your neighbor’s grand idea will persuade a bank to lend her start-up money; she’ll open for business in six weeks; and money will immediately flow from customers to her to her employees. Taxes will be paid, and the national economic engine will hum effortlessly in no time.

If only.

By Christine Dugas, USA TODAY

Full Story: http://www.usatoday.com/money/smallbusiness/2009-06-30-small-businesses-bankruptcy_N.htm