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Dept store Quartermaster
Join Date: Jul 2001
Location: I'm right here Tati
Posts: 19,867
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I also suppose the argument could be easily made that if you use your LOC and you have a payroll then you're using it to fund your payroll. The actual allocation of the funds you're borrowing is irrelevant unless you have unique terms with the customer in question(assuming you tap the LOC for a specific project/customer).
Take away the LOC and you can't service that customer any more or you can short your payroll.
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Cornpoppin' Pony Soldier
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