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Post# of 346953
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musicalchairs

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musicalchairs

Re: Christy from Google post# 314561

Monday, 05/03/2010 10:24:06 AM

Monday, May 03, 2010 10:24:06 AM

Post# of 346953
When I factor my receivables at the bank they lend me up to 70%. When my receivables go down so does my available revolving credit. When they go up, it opens up my line.

If you are looking at the wikipedia definition of it you will get the impression it's a one time event. In practice it is a revolving line.

I'm wasting a lot of posts on this and I'm sure people are tired of it. Sorry to all......

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