National Food & Beverage Leader Louis Biscotti’s October column for Forbes focused on best practices for mature companies.
By Louis Biscotti, Food and Beverage Services Leader
Companies should only be using this line of credit for working capital needs and not long-term financing of equipment, facilities, or acquisitions. A term loan line of credit can be utilized for these needs. Be careful of loan covenants as they may be negotiated, since many banks are going “covenant lite” in these competitive times.