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Archive for the ‘small business credit’ tag

Is Bank of America Really Cutting Small Business Credit Lines?

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In the first week of January, the Los Angeles Times reported that Bank of America was cutting the credit lines of some small businesses and demanding lump sum payments instead of monthly installments. The Times reported that those who couldn’t make the lump sum payments would be offered longer term repayment plans — but at […]

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Written by Michelle Fabio

January 11th, 2012 at 5:23 am