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Goldroom
by Gary E. Andrews - 10/08/26 01:40 PM
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SOMA
by Gary E. Andrews - 10/07/26 11:11 PM
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Joined: Aug 2006
Posts: 1,554
Top 200 Poster
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Top 200 Poster
Joined: Aug 2006
Posts: 1,554 |
We have lots of credit cards (thankfully that have no balances) and I haven't heard of any restrictions on those. If companies are taking out loans to make payroll, they've already got some serious problems. Loans for startup inventory are another issue, but that happens usually before you start your business. What is the scenario where someone is taking out regular loans to make payroll Jack?
Brian They are not taking out regular loans for payroll. Small businesses feel fluctuations much more severely than large corporate businesses and are often seasonal. It is not at all uncommon to depend on their credit line down during the down periods and make it up and more when their busy season comes around. Their business is falling off fast, and they need their credit line to get past the down economy which is exaserbating their situation.
Last edited by Jack Swain; 10/07/08 04:15 AM.
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