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EC Kansas | What are you building equity in?
Machinery, working capital/cash?
That is good.
When you have enough cash to buy something and get it financed, always pay it down as fast as you can.
Interest is a wealth destroyer.
If you have the cash, pay it down.
Simple math: For every $1 of interest you pay, depending on your tax bracket, about .70-.75 is gone.
If you have enough cash to operate on without borrowing, then you are way ahead of the game, but there is a balancing act and common sense is all you need to know.
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Land buying and payment
