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Banking Question
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John Burns
Posted 9/20/2016 13:12 (#5539522 - in reply to #5539509)
Subject: RE: I have read all of your post Just



Pittsburg, Kansas

That is one nice thing about vendor financing. If you buy a tractor, they have a lien on a tractor, nothing else. If you buy seed from a seed dealer and finance it, they do not ask you for a lien on your machinery.

Banks love to tie everything up wrapped tight in a blanket. To a banker, there is no such thing as too much collateral.

John

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