Banker: Heating oil marketers will need to increase credit lines

摘要

Heating oil marketers must act to add to their credit lines before the winter season, a banker told Vermont marketers recently. The average Vermont company moves about 2 million gallons of heating oil and will need approximately a $3 million line to get through the winter months at current prices, according to Matt Ide, with Citizen's Bank. The Vermont Fuel Dealers Assn. is now working with the state's Economic Development Authority to help provide loan guarantees to banks in order to keep small dealers in business in the event of a cash crunch.