As much as you can carry over the Internet.....I'm here for you bro....
Bankers.....if terrorist were blowing up banks, I'd help fund them.Three years ago I buy a distraught company....waste service with trucks, dumpsters, equipment and a office building in partnership with a Nationwide office. Purchase price 200k awesome buy, we put down 100k cash and finance the balance 7year amortization with 3 year ballon.Later we buy another truck on a separate note.....so, the original loan comes up for renewal and being a good customer I pay off the small truck loan early, and owe about 60k on the remaining original note balance....I get a call from the bank they are going to shorten my amortization period from 48 to 38 months....I ask why, balance is lower, company has more assets and they are collateralized 5 to 1 on a fire sale price....why am I being squeezed I ask.Answer their CEO feels that we can pay off the loan faster because we have additional cash flow due to the paid off loan and that looks better on their financial statement and loss share agreement with the FDIC. Just fucken lucky I'm not in the fertilizer business.
