Our credit limits are smaller than those of Chase. Gap is not a bridge, gap can have holes in it, this is my cautionary note for banks. The success of the bank in the industry is built on relationships. Bank looking at how it will get money back. Nature of pricing and radical escalation of production costs, distort what the independent can do or achieve.
Bank is our client.
You producer, at the end of day, you will produce in accordance and deliver according to specs and write checks in accordance to specs. We make bank whole if distributor does not pay at the end of day. Punishment for us being wrong, is that we pay at end of day. Which is why you have to document the representations you make to us. We have to make sure that everything works at the end of the day.