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MARKET UPDATE: Wells Fargo Is Worried & Closes Lines of Credit | Should You Be Worried?
"Wells Fargo Stopped its Loan Program that issues lines of credit. Is this signaling to the business world that rough times are ahead? We think so. Banks don't randomly stop their lines of credit unless they see that their borrowers may not repay their loans in the future. We are entering exciting times. Are you prepared for the storm? Have You reduced your debts? Do you have a list of businesses to buy when the storm comes?
"Evaluating a Business Requires Effort & Diligence, Buying a Business Requires Patience."
--Red to Black Podcast
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