Shorter loan maturities, higher interest rates make 'safety nets' less safe for businesses
(Newser) -
Banks, lashed by the credit crunch and wary of defaults, have shortened the terms on revolving credit lines—typically running for 3 or 5 years—to less than a year, the
Wall Street Journal reports. Often a little-used safety net before the recession, so-called revolvers had low interest rates; now,...
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