Wells Fargo - Same Deal Yanked My LOC for 200K
Line of Credit - Complaint
DUARTE, CALIFORNIA -- Run a small manufacturing business in California. Had 10 years of great success followed by 4 of the worst years ever. Own my own facility have over 6M in other commercial properties with very little debt. Total including my home and factory is less that 500K yet WF termed out my 200K LOC because business declined...yeah! Thanks for standing by me guys!!!
They are like other big box banks they claim they here to work with business but only from the standpoint of PR they can use on TV. It's bull crap if they won't lend to someone like me then who they lend too? Only those that don't need borrow? WF is good retail bank for personal use as it has 1000's of locationse...but for business they are not suited for what's happening in the market.