She said now they’re having things appraised. Is this a bad sign?
In: Other
You should have been looking for a new job months ago, that’s what it means.
The line of credit is money that banks have agreed to loan the company. Run out means the banks won’t loan out any more money, and the money already loaned out has been spent.
Things being appraised means the owner is preparing to sell those properties off (or use them as collateral for more loans, still not good)
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