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The trucking industry may be humming, but weak companies in the industry that leveraged up in last year's boom are now experiencing difficulty. And credit unions and banks holding these assets may need to consider selling these underperforming assets while the general market is still positive.
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Lenders must be wary of lending on assets that have government regulatory involvement, such as taxi medallions. As such, prudent lending should always be done on an individual basis. Any distressed taxi loans should be dealt with swiftly, and Garnet Capital can help.
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