Jacksonville banks slash business credit - Jacksonville Business Journal:

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But bankers said many local businesses made less in so they do not need as large a line of crediythis year. And banks cannot supporg as large a risk when they set asidde reserve cash to maintain the credi t line for up to ayear typically, whether or not the businessx taps into the credit. This has causerd businesses to cut back to meet previouslu set financing terms with their Those businesses that have already pulled back on operations will have to do so even furtheer as financing options dwindle and as lenders are more attractex tolean companies.
“A lot of the company’s revenue stream and balance sheey have contracted andthey don’t need the revolving line of credit that they needed in the said Debbie Buckland, senior vice presidentg at . “Second, with all the bankws facing capital constraints, to have unusedx credit is very costly toa