What terms you getting on working credit line? - Posted by Griz

Posted by sara on October 26, 2000 at 10:09:52:

Ed, what is prime rate going for now?

What terms you getting on working credit line? - Posted by Griz

Posted by Griz on October 23, 2000 at 15:38:02:

I’m getting close to approaching a banker about a working credit line and i am curious what kind of terms you guys are getting? Also would appreciate any tips on negotiating with them. Almost done with the business plan.

Re: What terms you getting on working credit line? - Posted by Ed Garcia

Posted by Ed Garcia on October 23, 2000 at 16:18:35:

Griz,

I see the going rate to be 2 over prime. When negotiating a credit line there is no one way carved in stone. It depends on the bank, the borrower, how convincing you can be, and your business plan.

Ed Garcia