Building Business Credit
Enduring the toughest financial era since the Great Depression has certainly changed the financial and credit landscape across the country. While things are definitely improving and lenders are loosening their belts the lessons learned present a new era for the credit industry.
As business owners we have also had to make tough decisions, adapt, overcome and weather our own financial storms.
When it comes to building business credit; gone are the days of having just a line of credit at the bank to access capital.
We have seen in times of economic uncertainty banks will take drastic measures to minimize its risk exposure. Remember when businesses all over the country had to shut their doors after having their credit lines slashed and closed?
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