Unsecured Business Lines Available Again

I am fairly close to closing what has been all-but-nonexistent for a stretch of time post the mortgage crisis. It appears banks are now doing unsecured business lines of credit again. They generally want to start out with smaller lines and grow them over time, but several local investors are doing these loans again.

This is good overall news for the economy in general. Most of the news has been upbeat of late about the unemployment rate and such. The labor force participation rate is still very high, but it is good to see the headline number dropping. I think a lot of folks have forgotten about the shutdown antics from earlier in 2013 as well so the lending environment continues to improve.