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Line of credit limits
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mt875
Posted 4/26/2017 12:44 (#5983360 - in reply to #5983214)
Subject: RE: Line of credit limits


I do realize that the bank can call operating note at anytime. I understand that, as I have read the fine print in my promissory note. But if you have the ability to pay off the operating note at anytime, why do you have an operating note? I know I certainly won't be able to pay it off from the time the crop is planted until the crop is harvested. Where would I get the money? Everything I have is standing in the field, standing in a feedlot, sitting in a shed or a crop is planted on it. But maybe I'm the only one that doesn't have enough cash laying around to plant the whole crop.
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