Quote:
Originally Posted by lowyder993s
I've used (and stayed in my) LOC for purchases, but never payroll. My assumption being, if you're using it to fund payroll you'd CERTAINLY be using it for material purchases first. I'm outta mine and sitting on my wallet. No expenditure unless absolutely necessary.
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If conditions in your industry suddenly changed and you found yourself losing money, would you instantly shut it down or ride your LOC while trying to right the ship? Say it's a company that made you a profit/living for the previous 20 years.