Posted 4/26/2017 07:41 (#5982792 - in reply to #5982774) Subject: RE: Line of credit limits
Southern Colorado
The local bank here wanted 35 percent down on a land loan and current assets to current liabilities at 1.2:1. I would assume using that formula he has a little equity in his land he could borrow against ($30,000) but he is still a ways off from being able to borrow $100,000.
Line of credit limits
