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The Credit Markets Meltdown-Are You Prepared?
Let’s face it, we have all watched in dismay as the wreckage from our financial markets has continued to pile up. Historically strong and solvent institutions are going out of business in a matter of days or are in need of significant government assistance to survive.
If you think the impact is just confined to Wall Street or the money center financial institutions, think again! We are now seeing the cascading ripple effects flowing into all corners of our national economy. Cases in point:
• Our client (whose bank recently changed hands) contacted the bank to “inquire” about their line of credit and was told the bank had no “record” of any line of credit
• Another client received a form letter from their bank informing them their line of credit had been frozen; this left the client without their expected operating funds in which to run their business
Credit is the life blood of our economy and particularly of our business-to-business relationships. This flow has been severely disrupted and threatens to take many viable businesses down with it.
Are you having difficulty getting new credit or even keeping the credit you already have? Believe it or not, this may have more to do with your lender’s balance sheet than yours!
Confused? Need answers? Looking for help? Call us!
Alliance Advisory Group is uniquely positioned to provide solutions:
• We have over a quarter century of experience in the banking and financial markets; we can talk the talk and walk the walk!
• We work for you and represent your interests. We know how to take your message and communicate it to the lending community in a way they can understand.
• You get a trusted partner to work with, who understands your needs. As a result, your time is freed up so you can to attend to more productive matters.
Contact us today for a copy of our top ten tips on choosing the right bank and a free consultation.
Randy Farnum, PresidentAlliance Advisory Group, LLC
www.allianceadvisorygroup.net
The plans of the diligent lead to profit, as surely as haste leads to poverty. Proverbs 21:5
