Wednesday, January 19, 2011

FDIC Sets Up Hotline For Small Businesses

The Federal Deposit Insurance Corporation (FDIC) has created a toll-free hotline and website for owners of small businesses who have questions or concerns about the availability of credit.

"A combination of factors have created issues and challenges for small businesses, but it is turning in terms of credit availability," said FDIC Chairwoman Sheila Bair on Thursday. "I think it is going to get better, and we're working to facilitate that with the dialogue this conference will spark, along with our new hotline and website dedicated to small businesses."

The toll-free number is 1-855-FDIC-BIZ (1-855-334-2249). To complement the new small-business hotline, the FDIC also created a dedicated website.

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