Confirmation that the “Credit Crunch” is not so bad in NH

  This week Forbes magazine rated Lebanon first, Keene third, and Concord, NH seventh in the top ten of a list of United States cities “least vulnerable” to recession, in a region that is relatively insulated from the national economic crisis.  This region, and most of NH has maintained stability due to our low unemployment rate, strong banking sector, and relatively stable housing market .

 Forbes used August unemployment figures from the Bureau of Labor Statistics and 2007 Census data on median income, poverty, education levels and outstanding mortgage debt to measure the economic resilience of 141 communities with populations ranging from 65,000 to 188,000. 

Our local bankers did not pig out on sub prime mortgages, leaving that market to the mortgage brokers who are mostly gone now.  So our local bankers still have money to loan to credit worthy businesses and other customers.  They were often criticized as too conservative over the past few years, but now they are still there for us during the time most of the country is in a bad economic spasm. Credit is available!  While the media has created a real hysterical mood among the public that will hurt most of our businesses to some extent, we are still in relatively good shape in NH.

Customers who would like to own a business ought to take a look at our inventory.  If you have a down payment and a good credit rating you CAN buy a business NOW!