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Colorado creditors are reaching the end of the line

06/25/2012

Small businesses that have relied on revolving lines of credit to ensure steady cash flow increasingly are finding that banks are scrutinizing those credit lines, and often aren’t renewing them.

The financial crisis and real estate meltdown created a climate for banks that makes them wary of taking on too many loans, especially those involving real estate. Revolving lines of credit require collateral, and often that collateral is real estate.

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ABOUT THE AUTHOR

Patricia J. Rogers

Attorney