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Thursday, December 04, 2008

Banks Lending - NOT!

by Calculated Risk on 12/04/2008 07:37:00 PM

About two weeks ago I posted about a friend's company obtaining a new loan for expansion, and also including an expanded revolving line of credit. Although this was just one story - and a fairly small loan of around $100 million - I saw this as a positive step.

Hold the presses. The bank just pulled their funding. Not good.