Cash Crunch: April 14 Column – Extended Version

For those of you who read the recent column in the April 14 edition of the North Bay Business Journal, entitled A cash crunch necessitates a trip to the bank for a loan, here is the extended version with a more complex borrowing calculation which takes into account the Minimum Cash Balance required. Please feel free to post any comments you have and I’ll try to respond promptly.

“Creditors have better memories than debtors.”
Benjamin Franklin

“John, are you ready for our meeting? We said yesterday that we were going to meet to go over our financial projections and review a possible bank proposal.” (more…)

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