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Why “Big Banks” Are Turning Down Working Capital Lines of Credit at a Record Pace (Part 3 – Dodd Frank Does It Again)
Community Banks are closing their doors because of the cost of compliance. Small Business pays with less access to credit. Unintended consequence of one size fits all regulation schemes. WSJ Headline “Tally of US Banks Sinks to Record Low” on December 3, 2013. There were many...
Why “Big Banks” Are Turning Down Working Capital Lines of Credit at a Record Pace (Part 2)
The Wall Street Journal reported on November 22 that “New Loan Rules Are on Tap.” Small businesses who use Deposit Advance loans to even out their working capital shortfalls will now face restrictions as the Office of the Comptroller of the Currency will increase scrutiny...
Why “Big Banks” Are Turning Down Working Capital Lines of Credit at a Record Pace
Has your request for a Working Capital loan ever been declined or converted to a term loan restricting your ability to grow? Many construction subcontractors who have expanded bidding opportunities are running into problems finding working capital due to significant restrictions put in place by...
