http://www.businessbrief.com/a-way-to-overcome-the-credit-crunch/ Just another WordPress weblog Mon, 23 Jan 2012 17:15:13 +0000 hourly 1 http://wordpress.org/?v=abc http://www.businessbrief.com/a-way-to-overcome-the-credit-crunch/comment-page-1/#comment-3919 Charles Bailey Fri, 05 Feb 2010 12:10:43 +0000 http://www.businessbrief.com/?p=6619#comment-3919 I have seen several companies get caught up in this type of financing in the past. Short term, it seems like a real solution. Long term, it is very difficult to get out from under. It becomes a standard way of doing business. Unless there is a tremendous amount of dicipline (which there probably is not, or you wouldn't be in the shape to use this form of financing) you will find that you will find yourself having to repeat the process on your next job, to finish paying for your last job. It becomes like the 'tar baby' fable. Given the profit margins most of us work with, this can become your reality...and very quickly. Beware when considering this form of financial assistance! I have seen several companies get caught up in this type of financing in the past. Short term, it seems like a real solution. Long term, it is very difficult to get out from under. It becomes a standard way of doing business. Unless there is a tremendous amount of dicipline (which there probably is not, or you wouldn’t be in the shape to use this form of financing) you will find that you will find yourself having to repeat the process on your next job, to finish paying for your last job. It becomes like the ‘tar baby’ fable. Given the profit margins most of us work with, this can become your reality…and very quickly. Beware when considering this form of financial assistance!

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