Payday Loans and Good News For Some Small Businesses

Recession good for some

Payday loans have helped consumers before and during the current recession, and they will continue to be an emergency cash aid after it ends (Q3 2009?). America’s recession has darkened the doors of many businesses that couldn’t shoulder the burden of so much lost business. Or, if businesses don’t close outright, employee layoffs have been distressingly common.

However, not all small businesses have withered under the weight of the second-largest recession in American history. In fact, Stacy Perman of Business Week writes that “the recession has injected life” some small businesses that are doing well in spite of the downturn. In some cases, they may even be doing well because of it.

Consumers looking for value

Perhaps it’s to be expected that pawn shops and thrift stores have done well during this recession, as shoppers are looking to save money however they can. These kinds of stores have enjoyed higher business volume and a broadening customer base. National Association for Resale & Thrift Shops Executive Director Adele Meyer said that “More people are trying resale than may have done before. And once people shop resale they realize what value and quality they’re getting for the price. They become hooked, and this becomes their way of shopping.” The downside of this for these stores, of course, is that it’s difficult to maintain inventory during the traffic upturn. ... click here to read the rest of the article titled "Payday Loans and Good News For Some Small Businesses"