In the wake of the recession's aftermath, many businesses are seeking greater access to credit. Whether the intended use of credit is to fund acquisitions, retire or refinance high interest rate debt, or to support capital expenditures, certain circumstances call for businesses to take a closer review of potential options before establishing or tapping into their credit facilities. As part of any business' trusted advisers, agents and brokers play an integral role in reviewing what security solutions are available that won't tie up credit and allow the client to take advantage of his financial standing and liquidity.
Clients need to be strategic in their decision making, particularly in an environment when more businesses may be required to post security in the form of a bank letter of credit or surety bond. Educating your clients about alternatives like surety bonds can help them preserve their bank lines of credit for other strategic purposes.
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