Nemont
Well-known member
I am moving my office, starting a new insurance agency, purchasing another book of business and expanding the consulting part of my business. All this required new office equipment, new software and upgrading all the computers.
I have the cash to do this but didn't want to spend alot of my own cash. I rarely borrow for anything but decided if I could make the numbers work I would borrow some money to get all this done.
Was a little worried because of all the bad news in regards to credit being "seized up". Shopped around and within half an hour I had all the local banks offering to lend me more then I asked and at a rate better then I budgeted.
I went in to sign the paperwork and the banker, who is also my duck and goose hunting partner, was asking me to verify that I really didn't have any other loans or payments, "for real". Kind of funny, he said that my wife's and my credit rating reduced the interest rate by over 2 percent. As I was leaving he smirked and said to, "Come see him to borrow more money as soon as possible". He knows I am too cheap to pay interest for very long but it sure doesn't look like there is a credit crisis if you are "credit worthy".
Nemont
I have the cash to do this but didn't want to spend alot of my own cash. I rarely borrow for anything but decided if I could make the numbers work I would borrow some money to get all this done.
Was a little worried because of all the bad news in regards to credit being "seized up". Shopped around and within half an hour I had all the local banks offering to lend me more then I asked and at a rate better then I budgeted.
I went in to sign the paperwork and the banker, who is also my duck and goose hunting partner, was asking me to verify that I really didn't have any other loans or payments, "for real". Kind of funny, he said that my wife's and my credit rating reduced the interest rate by over 2 percent. As I was leaving he smirked and said to, "Come see him to borrow more money as soon as possible". He knows I am too cheap to pay interest for very long but it sure doesn't look like there is a credit crisis if you are "credit worthy".
Nemont