CFO Magazine on companies opening revolving lines of credit
Tysons Corner managing partner Richard Pollak was quoted in a May 1 CFO Magazine article about companies opening up new revolving lines of credit and refinancing older instruments at reduced rates boding well for the economy.
“With not as many strong credits, banks are eager to lend, and they are kind of bending some of the standards,” says Pollak. “Out of an abundance of caution, banks are taking a lot more collateral.”