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SE MN | I would say that if you can run your business out of your checking account that is enough liquidity. Equipment loans are fine, real estate loans are fine. Operating loans are where the risk is. That being said it is not an easy thing to get to that point and it is easy to focus on that goal and by doing that limit the growth of your business. But all else being equal not having a lender decide if you are going to put a crop in is a huge deal. Some guys want no mortgages and paid for equipment, I would love to be in that situation as well. But having a bank with the kind of influence to renew your operating line is something to be avoided if possible. | |
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Maintaining liquidity
