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Detroit would be producing vehicles more in tune with current customer needs, rather than asking for loan guarantees.
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Some businesses say they do not even bother asking for loans anymore.
Mr. Gorbachev began asking for loans to prop up his crumbling state.
And with fewer companies asking for loans, business at Greek banks has come nearly to a standstill.
He goes around his building asking for loans from tenants who think nothing of spending $40 on pizza.
"Our employees kept coming to us and asking for loans, which didn't make any sense to us," he recalls.
In the meantime, the bankers say, they have plenty of money to lend, but small-business owners are not asking for loans.
The Bank had already taken steps in June to recommend that lenders restrict the amount of lending to borrowers asking for loans of above 4.5 times their income.
How do you know these people asking for loans are for real?
Even worse, does he or she not even look for work, instead depending on you for support or asking for loans?
Come up with as exact an estimate as you can for your total expenses when asking for loans.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com