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Borrowing Vs Credit
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Silk
#1 Posted : Wednesday, April 22, 2009 5:51:00 AM
Rank: Member


Joined: 8/25/2008
Posts: 144
Good people,

When you establish credit lines with suppliers,can this be equated to borrowing in a finance sense?

Case in point,a requirement to obtain Board's approval before borrowing as per the Articles. Will establishing credit lines with suppliers fall in this requirement?

Pls offer some advice.

Life is too short.
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