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"GM is confident that these initiatives, along with its current cash position and $4 billion to $5 billion of committed U.S. credit lines, will provide the company with amply liquidity to meets its operational needs through 2009," the company said.
These are not credit lines.
Credit lines of as much as $100,000.
Credit-card companies have tightened their standards, dropped customers, and shrunk credit lines.
I called up Clemens, committed credit card hari-kari, and waited for the UPS man.
What to use credit lines for?
Credit lines can plug that gap.
Direct credit lines aren't available and the alternative, credit cards, are tougher to obtain.
Unused credit lines for small businesses are down 25% or $1.2 trillion since the credit crunch began.
Banks have slashed his credit lines.
Keep track of your credit lines.
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