Friday, March 21, 2008


I got the word this afternoon that many banks were closing down their customers home equity lines of credit. With the credit crunch, banks started closing down loans secured by what are now questionable assets. While it might be an inconvenience if you were planning to buy a boat or renovate your kitchen, a lot of small business owners like myself rely on these kinds of credit lines to stay afloat. My guess is credit cards are next.

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