RevenueLoan Blog

February 7, 2011

Business Credit from the Trenches: Forum Postings Indicate Loosening

Filed under: educational — rlucas @ 7:16 pm
Tags: , , , , ,

When you think of credit loosening or tightening, you might think of senior loan officer surveys, the Fed Open Market Committee, FHLB standards or likewise.

But I like to keep my ear to a more organic source: forum posts on the Web.

And to that end, may I reference a recent post on Credit Boards at http://creditboards.com/forums/index.php?showtopic=459365

Astute observer of the ways of credit, “BobWang,” notes that he got two (!) offers for $100k business lines-of-credit in one day, unsolicited, in the mail.

(Now, to temper that, he also hints that these are part of financiers’ end-run around personal lending standards: the use of “business” lines with personal guarantees to essentially create credit cards that aren’t subject to consumer lending regulations.)

Nonetheless: glad to see that risk appetite is perking up and that the credit is starting to thaw.

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