Bob Coleman
speaker
955 appearances
2 recordings
1 series
first heard Jan 2012
last heard Mar 2012
Bob Coleman’s voice in public audio — every appearance, attributed to the second.
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Appearances
That wasn't worth a lot.
When we talk about capacity, that's the borrower's reserve, and we found out that that 401K became the 201K.
The significant other lost their job.
There was no health insurance.
So the personal situation was deteriorating.
Cash flow, well, sales were down, and sales are down.
Sales strictly impact profitability.
So people were losing money and not generating cash to pay off the loan.
Conditions, obviously the economic conditions were horrible, and that left character.
So the big change is that what I found, and for the people on the line, is when you sit across the table from that banker, that is the number one answer you need to satisfy for the banker is when things go south,
What is my plan to make sure that the bank gets repaid?
Bankers have a great line.
They say, I lent you money to open up a store on Main Street.
I lent you the money to buy that real estate.
I don't want keys in the mail giving me the real estate debt.
I want cash.
I gave you cash.
I want cash back.
It's a simple transaction.
So, Paul and Joe, the biggest change that I see out there is there is a shift in the mindset, and people are really, really concerned about the characteristics
Showing 641–660 of 955 · page 33 of 48
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