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Calling bank loans
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Posted 12/3/2016 10:00 (#5672860 - in reply to #5672726)
Subject: RE: Calling bank loans


Buxton ND
They can not "call your loan" til the due date. Operating loans up here usually are March/April 1stish to March/April 1stish.
Did bankers chance the due dates ?
Maybe a banker or 3 can explain the difference between a revolving line of credit and a straight line of credit with operating loan ? ? ?
The late 1980's and the early 90's this was a big deal locally as many local business's learned that "Yes Farmer X has a operating loan" DOES NOT mean he can pay his late summer fall bills..............
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