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My Friend's business just had its credit line withdrawn .. And his company is profitable ...

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TheCoxwain Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 01:22 PM
Original message
My Friend's business just had its credit line withdrawn .. And his company is profitable ...
The Politicians are playing with fire when it comes to this vote ..


FOR ONCE .. THEY SHOULD VOTE FOR THE COUNTRY ... THEY DONT KNOW WHAT THEY ARE DOING..
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napi21 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 01:25 PM
Response to Original message
1. What type of business does he have? Retail, MFG, service, finace?
Edited on Mon Sep-29-08 01:26 PM by napi21
I don't want you to post the name of the business, but just curious if this is an across the board effect or just certain markets?
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TheCoxwain Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 01:28 PM
Response to Reply #1
4. Software for Financial Services
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blondeatlast Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 01:31 PM
Response to Reply #4
6. This from the DUer advocating hacking Gallup. Things that make ya go hmm... nt
Edited on Mon Sep-29-08 01:31 PM by blondeatlast
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TheCoxwain Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 01:32 PM
Response to Reply #6
7. Dont put words in my post ... I was just trying verify the 12 point lead news ..
Edited on Mon Sep-29-08 01:35 PM by TheCoxwain
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napi21 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 01:34 PM
Response to Reply #6
9. Ouch! Double whammy! n/t
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 01:26 PM
Response to Original message
2. This is what we said would happen
and it is just going to accelerate

I feel for your friend by the way
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medeak Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 01:26 PM
Response to Original message
3. business friend had new mortgage denied
thank gawd he can pay cash. Oh man... this is very scary. Have bids out for new home but if no one can get a mortgage to buy my current home thinking I will sit on plans.
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maseman Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 01:28 PM
Response to Original message
5. Why do I get two pieces of mail per day
extending my credit lines, offering home equity lines of credit, etc. and your friend is having their crdit line dry up? I just don't understand it.
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ramapo Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 01:33 PM
Response to Original message
8. Now I'm worried
We depend on a credit line to make payroll. We don't get paid quickly enough by our customers.
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