Adam Siegelheim

speaker
526 appearances 1 recordings 1 series first heard May 2011 last heard May 2011

Adam Siegelheim’s voice in public audio — every appearance, attributed to the second.

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you know, I don't think there's anything you can point to
in in the uh
disclosure laws.
um that you would be violating at that point.
As long as you have that Chinese wall set up between the lender and the franchisee.
Um, I would say that it's it's not an end run.
Um
and it's completely uh
Um, I would say that it's a uh a a good practice in terms of and it's probably
I mean the reality is is that these credit reports are probably becoming
more and more necessary just given the climate right now.
the alternative is to say, Okay, I'm gonna be very conservative.
And I am going to consider this an en run around the uh
you know, item nineteen, even though, you know, there's really nothing
um that I can point to that that says it's an Enron.
Um and I'm not going to do that and my franchise are not going to get financed and I'm not going to sell franchise.
So, I mean I think that
you kind of don't use bank credit reports at your own peril.
because, you know, they're they're becoming more and more popular for a reason.
It's because that the banks are really
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