At MultiFunding, we are receiving more calls than ever lately from business owners whose lines of credit are either maxing out or coming up for renewal. Many of these owners aren’t sure what to do.
A central theme runs through their stories. It can be easy to forget how important it is to maintain capacity in your line of credit to deal with the unexpected surprises that come around the corner. One of the core functions of a line of credit is to be there as an insurance policy, and if our economy is softening, as many suspect, the safety valve of a line of credit is more critical than ever.
I share more in my 21 Hats article today.
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