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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Um, when we talk about capacity
That's the borrower's
uh reserves and we found out that that four oh one K became the two oh one K.
The significant other lost their job.
uh there was no health insurance.
So the the personal situation was deteriorating.
cash flow, well, sales were down and the 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.
Um that is the number one answer you need to satisfy for the baker 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
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