Banks are reducing credit lines to everyone.
So true. Even companies that are performing according to their line of credit are having the banks lower their line limit. Banks are now doing quiet audits where they have lines of credit extended such as receivables based lending. If they make an evaluation that business climate is not great for the client (and the standard appears to be great, not just doing ok), then they pull in the line.
Credit is getting very tight for business. Banks are looking for safe areas to invest.