Credit crunch hits Boise business

Idaho StatesmanOctober 2, 2008 

This year, Brad Bengson won't get the $100,000 line of credit he usually receives to help him sustain his Boise rental business.

His own bank and three others have turned him down in the last month.

Bengson, president of Brown Rental Inc., blames the national credit crunch.

"I have never had a problem in 29 years borrowing money," he said. "I have to assume that is the reason."

Economists and U.S. Treasury officials warn that there could be people like Bengson popping up all over the country if the government doesn't take steps to combat the toxic debt choking America's credit system.

But several Idaho banks say they are still making loans, although borrowers face more scrutiny than in the past.

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