A friend with a positive cash flow business needed to borrow a measly million bucks to expand his business. With a 30 year relationship and a personal credit score of 820+ he got turned down by BAC.
If the bank is so healthy, why would they not extend the loan ? Certainly banks are holding back on 30 yr fixed mortgages paying them nothing…but a business loan to a high standing never late client of 30 years at 6% ???
BAC= 
[youtube://http://www.youtube.com/watch?v=-v67LpSz6Ck 450 300]
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