Rumors are that the LOC game is drying up. But on a yahoo group someone put out this info:
“…Although right now with the credit crunch, i think everyone is having major trouble getting funding. I dont know what part of country your in, but here are two banks that are lending $ stated like the old days as long as your on DUNS and Experian.
1. Banco Popular: Loan request under 65k will be stated and no returns (taxes). DUNS
2. CAL National Bank: Loan request under 35k will be stated and no returns (taxes). Experian.
Hope that helps. And this is all just from my experience…”
If you are near either of these two banks, and are ready to get an LOC with your corp. These might be good choices with you.
In other news, inquiry removals are official, we have everything that we need to move forward. I will be contacting some companies that called last week to give them new solutions, now that we have this tool at our disposal.
Also, I’d like to say thank you to everyone who reads this blog faithfully. I hope we are keeping everything up to your standards.
I am going to drop a blog article that stemmed from a conversation I had with a reader this morning concerning the net-30 squeeze that some of you have been experiencing, and I hope that we can have a candid discussion here about that.