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