Thread: Loans?
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Old 10-20-2012, 10:06 AM
CL&T CL&T is offline
LawnSite Senior Member
Join Date: May 2011
Location: New York
Posts: 492
They made the commitment when they started out to set aside enough money to avoid going into debt.
But that money HAD to come from someplace, it didn't just fall from the sky when they started the company. So they didn't finance the equipment but you can be sure the investors or partners or owner who kicked in the startup capital were looking for a return on their investment. Until they were paid off it's debt.
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