Daily PUMA Column - Commentary by Alessandro Machi

Showing posts with label Cut Credit line overnight. Show all posts
Showing posts with label Cut Credit line overnight. Show all posts

Monday, December 21, 2009

TheBurningPlatform.com » Economy » THE REAL WORLD - Bank of America Cuts Credit Line of Viable Business Overnight.

TheBurningPlatform.com » Economy » THE REAL WORLD

Click above to read how Bank of America almost took a fine, upstanding company and put them out of business by summarily dropping their credit line from 100,000 to 10,000 dollars overnight! This afflicted company has two quarters a year where it does really well, and two quarters where they are slow.

Of course Bank of America cut them during their slow time and almost put them out of business, but they did manage to survive the sneak attack by B of A.

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