Latest / THRIVE, a Paychex Business Podcast
Credit Tightens as Banks Brace, Insurance Company Bails on Florida, and Bank on Barbie
Personal credit card balances are rising, so banks are holding onto their money and making it tougher for businesses to get loans and lines of credit. Farmers Insurance makes decision to leave the homeowners market in hurricane-prone Florida, which will impact some individuals and potentially businesses, although it’s a small share of the insurance market in the state. Gene Marks also shares that businesses need to take advantage of the Barbie boom while they can. Listen to the podcast.
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