Lines of Credit
Line of Credit Clean-Up Period and How to Pass It
Your bank renewal letter mentions a 30-day clean-up and you have carried a balance on the line for fourteen straight months.
Bookkeeper and cash flow writer, page 2 of 6
Callum keeps the books for a handful of small businesses and sees their cash flow problems months before the owners do. He writes about forecasting and funding math the way he explains it to a client staring at a spreadsheet.
Lines of Credit
Your bank renewal letter mentions a 30-day clean-up and you have carried a balance on the line for fourteen straight months.
Business Loans
A bakery owner I worked with last spring had strong sales, a clean credit file and two years of tax returns, and the bank still...
Lines of Credit
A landscaping company with eleven staff runs payroll every second Friday at about $26,000. Its biggest client pays in 45 days.
Business Credit Cards
A contractor I worked with put $38,000 of tools and a trailer on a 0% intro APR business credit card in March.
Lines of Credit
A landscaping company I worked with last spring had two offers on the table in the same week.
Lines of Credit
A client rang me last spring holding her first line of credit statement and a calculator.