John Burns - 9/20/2016 13:12
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