Behold an all-too-common story: A commercial cash flow lender awash in billions of federal dollars tightens the credit available for the cash-strapped owner of a small aerospace manufacturing company, insisting on personal guarantees and collateral. Forced to deal with less working capital and unexpected collection delays from original equipment manufacturer (OEM) customers, the owner falls behind on his credit card payments. His personal credit rating, on which the business loan relies, gets a black mark. That is reported to the commercial lender, who tightens terms further or calls the loan.
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