a bank and asking for a small business loan...what,now....are u sure? muses the loan officer......ok forget it...forget the 20 jobs that it will create...forget the money that those 20 employees will spend creating more jobs and the taxes they will pay to reduce the deficit....forget it,sorry I asked....happened last week to me folks.....
I remember walking into Wachovia - WAY back in Summer of 2007 - trying to put up personal property to get a business line of credit to cover some slow payers and they were very hesitant - Ample equity even today. They still are hampered by the apparent realities they will not tell us about.
go ask for a loan on a antique car bet u get it.
buddy of mine bought a classic lincoln on ebay. paid 5.7k HIS bank was ready to lend him 17k if he needed that much for the very same car.
now the company that listed the car screwed up their add and he did get delivery of the car and yes it was worth about 25k BUT STILL
bank willing to lend on an old ass car but no money for buisness?