BizSugar.com › Finance › Small Business Funding in Doubt?

Small business funding in the U.S. may be in serious jeopardy if CIT Group, one of the nation's largest lenders, fails in a restructuring plan aimed at trimming $5.7 billion in debt, CNN Money.com reported recently. The company will likely face bankruptcy if it fails to restructure its debt, bad news for small businesses nationwide for whom the company has been a major small business lender. For more on CIT's precarious condition, read the complete article here.