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Re: A deleted message

Wednesday, 04/07/2010 4:55:00 PM

Wednesday, April 07, 2010 4:55:00 PM

Post# of 346918
The reality is the credit line is way better, easy admin, lower cost and you don't lose your "opportunity cost".

And they have a HUGE industry providing these commerical financing packages, most have a department solely concentrating on the manufacturing sector.

But paying 4 each month, depending on the AR turnover days, the interest rate could be as high as 48% for a 30 day turnover, and as low as 16% for a 90 day turnover rate.

last time I checked, 16% is credit card territory.
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