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To: Red Steel

Speaking as an entrepreneur for 30+ years, I never borrowed a dime to meet a payroll. Must be talking about large corporations with wide fluctuations in sales.


1,191 posted on 10/07/2008 6:17:42 PM PDT by SAJ
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To: SAJ

Well, neither of these cats has run a business....you dont borrow money from the bank to make payroll....you have a credit line if you dont have enough cash reserves...

Credit lines are now running 10% interest if you have stellar credit, and higher if you dont. We havent carried one for 10 years, thankfully.


1,285 posted on 10/07/2008 6:20:38 PM PDT by BurbankKarl
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