| Edward - 1/4/2016 22:59
r pymts why not let it work itself out rather than refinance it for 5 more years
It's so simple. Take that offer. Pay it off in 2 years. If super-duper cashflow projection materializes, you will have extra working capital to do so. Just monitor the cash on hand (working capital) before you spend it on transactions that are negative to cashflow, like buying machinery without getting a loan, or making a downpayment on a farm. They're offering you to grab the world by the balls by giving you more control of the money, and you're turning it down. Just be happy the fdic, or whoever regulates, didn't force them to send a workout agreement where you pay it off now, liquidate that is. It's their shop. Don't like their rules then get out. No sense arguing about how they calculate a ratio. |
Working Capital 2016
