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Old 02-18-2011, 04:42 PM
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PROCUT1 PROCUT1 is offline
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Join Date: Dec 2003
Location: TN
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Quote:
Originally Posted by NicholasMWhite View Post
I'm interested in this thread and will be following it. I also appreciate you sharing this information with us. I do have one question. Would spreading your money/line of credits over multiple banks have helped your situation? Naturally they all would have eventually cut or lowered your line of credits, but it seems, assuming they didn't do it all at the same time, you would have been in a better place to handle the coming credit crisis.
Theres things I could have done different.

If I had any doubt as to the stability of the line, I could have definitely better prepared.

I had always thought, it was there unless you did something wrong.

Again. I was only doing what millions of other businesses do.
That used to be the purpose of business lending. Money to expand and grow.

It was working just fine.
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