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12-11-2019, 03:12 PM #1
- Join Date
- Mar 2015
- Location
- Rock Ridge
- Posts
- 3,461
Bank Lines not keep pace with growth.....
Hey DF,
Below is an interesting piece on how we helped a client. They had a bank LOC that was just not keeping pace with the growth of their business. We see this a lot! We also see companies getting trapped in SBA loans. I am working on one now where the company was convinced to get an SBA loan to use for working capital. Within 9 months they outgrew the loan, it was fully utilized, and the business started to suffer due to lack of liquidity.
A great way to help a client is giving them cost effective options that help them long term......
https://lnkd.in/ekNkhvKHedley Lamarr......That's Hedley
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