Tuesday, August 30, 2011

Top 10 cities for small-biz bankruptcies

Sacramento and three other California metro areas top the latest list of small-business bankruptcies in the first quarter, according the the credit rating service Equifax .

Nationally, small-business bankruptcies declined more than 15 percent in the first quarter from the same period in 2010. But the rate of decline could be slowing, the service warned.

And the numbers far exceed levels seen before the Great Recession -- by 30 percent nationally. The company defined small businesses as those with fewer than 100 employees.

Read the rest of the article at the Sacramento Business Journal

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