[lendaddy]

I've never used it to fund payroll per se, but if I didn't have it for materials I would come up short for certain.

And yes we are one hiccup from shutting our doors.

Employees don't know(the details anyway, they are well aware that we are struggling and I have a fantastic crew) or care about that side of the business.

I got in on this at the beginning of the crunch on suppliers (auto). It wasn't always this way. I went over our books from the years I was on the floor and back then they actually let their suppliers turn a profit(the 80's). These days it is not the case.

We should have walked away over a decade ago, but when it's all you know....


So yes, tons and tons of companies rely on LOC's. Right or wrong, wise or foolish.