Six Strategies for Surviving a Tight Credit Environment

JoAnn Lombardi VR President  
T ightened credit conditions are almost inevitable when the economy slows down. he cost of credit rises and lenders naturally become more risk-averse. here's no way to get around the reality of tighter credit markets, but certain strategies can help your business survive – and even grow – during the downturn. Consider these six strategies: Keep lenders in the loop. Communicate proactively and frequently with your lenders, instead of waiting until you have an urgent need or problem. Keep them abreast of your company's strategic plans and share your successes….

Be Sociable, Share!