I just got word that the lenders that provide the larger lines of credit have frozen their accounts and will not be providing their lines of credit in the near future.

What this means is that you can still get up to $250,000 in business lines of credit (through individual $5,000 to $30,000 lines).

It looks like the residential lending crunch has finally started to hit business credit.

More later when I know the why's and wherefores.

Leave a Reply.