My bank cut my business line of credit

[@timb6366]

I read an article this morning that a high number of banks have tightened their lending standards to business and industry. This level of banks doing so has been an indicator of an upcoming recession in the past.

[@thetruth116]

Environmental, social and governance (ESG) refers to a collection of corporate performance evaluation criteria that assess the robustness of a company's governance mechanisms and its ability to effectively manage its environmental and social impacts.

[@AngelicStorm]

I absolutely get it...this shit is getting crazy

[@dejuankimble7494]

The high utilization is why they deemed you risky

[@TheLoneWolfTrucker]

Could be 🤔 however now my utilization will be maxed out due to the 60% reduction. I’m still waiting on an official response from corporate

[@Jackknife-TV]

You're not the only one most of my personal credit cards and business credit has been cut either in half or just over the balance.

[@TheLoneWolfTrucker]

All this time I thought it was just me 🤔

[@Jeremyfedor]

Is it fair to say lenders are worried about how equipment purchased during Covid with inflated prices didn’t seem like huge risk with inflated trucking rates aswell have now turned into huge risk?

[@TheLoneWolfTrucker]

I believe so

[@WRR689]

Maybe the Yellow Freight debacle could have cause it???

[@TheLoneWolfTrucker]

I’m curious to find out 🤔

[@412hwc]

bro text me tha link to that hard hat

[@TheLoneWolfTrucker]

Amazon 💪🚛💨💨💨