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Line of credit limits
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mt875
Posted 4/26/2017 13:55 (#5983477 - in reply to #5983443)
Subject: RE: Line of credit limits


Yes, you needed the operating note to operate. You could not pay it off at anytime.

What I don't understand, is everybody thinks you should be able to go in a pay it off at anytime. If you could do that, why would you borrow money, wouldn't you just pay for the inputs out of your cash instead of borrowing the banks cash to do it?

But look at it this way, if you hadn't been through that experience, would you be where you are today?
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