Credit Access
» Credit Access, Volume 8, Issue 7, 2008
If respondent has a line of credit and their financial institution changed the size, interest rate, collateral requirements, or other terms of the line, such as requiring a personal guarantee of their largest credit line.
11b2. How did that decision impact your business? Was it:?
| Response | ||||
|---|---|---|---|---|
| 1 | Very harmful | 11 | ||
| 2 | Harmful | 29 | ||
| 3 | More irritating than harmful | 24 | ||
| 4 | Of no impact | 32 | ||
| 5 | DK/Refused | 4 | ||
| Total (%) | 100 | |||
| N | 76 | |||
Notes: Eleven (11) percent of small employers who have a line of credit and their financial institution changed the size, interest rate, collateral requirements, or other terms of the line, such as requiring a personal guarantee of their largest credit line stated that the change was very harmful to their business.
