Traditional Bank Credit Lines are Disappearing. What to Do?

Wednesday, June 04, 2008

Aren’t you sick of weak, old “lines” that just don’t deliver anymore? Unfortunately, the “Lines” we use for our business can have similar problems these days. If you have been reading our Business to Business Blurbs, you are already aware that Bank Lines can weaken your personal credit, but did you know that there can be other serious problems that you may face with in our 2008 American Economy?

Banks are in a state of upheaval in many ways; they are closing, cutting back, and tightening up. Bank lines that are secured with real estate are being pulled (canceled) with little or no notice. It’s not a shock to call your personal banker these days and find that with no warning, he/she is not there anymore! That’s a big problem after you have built a relationship for years, and are counting on them to help your business!

The established business owner with good credit and business history, who walked into the bank and barely had to sign an application, now has to jump through hoops to get a loan. New business owners are often just Out of Luck.

There is some good news though… A GCR Capital finance solution is not tied into bank lines. Once you enter into the contract it cannot be pulled or canceled until the term of the lease, unless you make arrangements to do so. In addition, A through D credits are still being approved. And we don’t affect your personal credit! So even though we have to wait for the banks to stabilize again, you don’t have to wait to get the financing you need.

GCR Capital protects your future, while we solidify your present!

To request more information about equipment financing, GCR Capital, or rates quotes, contact us today

Ready to get the funds you need? Apply Online Now!

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