Friday, June 17, 2005

Going Sideways

Ack! Deal Going Sideways! Deal going sideways!

Potential borrower is having trouble understanding that people who lend money at 16% a year versus 42% a year have a few more steps in their approval process. Yes, this is a paper intensive and sometimes slow process!

Funder is just waiting to get final A/R listing and magically, they have taken 3 days to appear or should I say not appear. Funder wants to approve this loan. This deal has taken 4 months because the borrower has taken about 5 weeks to produce the paper work!

Shit, this is not what I like on a Friday afternoon. No wonder I feel like crap

Have to get this deal on track pronto!


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