|Exercise 11.1||Playing the Float|
CCH Business Owner's Toolkit contains information on financing, taxes, regulations, laws, and marketing. Read the section entitled "Using the Float."
Q. According to the "Business Owner's Toolkit" what is "float?" What is one important rule to follow when using (or "playing") float?
|Exercise 11.2||Working Capital Lines of Credit|
"Working Capital Lines of Credit" can be found in the "CCH Business Owner's Toolkit".
Q. From the Lender's perspective, what is the most critical consideration when analyzing an applicant for a working capital line of credit? What is meant by an "evergreen" commercial line of credit? Why might an "evergreen" line of credit pose problems for both the lender and the borrower?
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