For the record I have no skin in this game and have never met Davidson. I simply feel somebody needs to stand up for the small business man..... too many buy into the class envy hate corporations leftist narrative.....
Bunch of fuggin wannabe's..... shameful
I support them , I own a small tool shop, and the banks are your enemies, for me it was the only place I could get the money, I borrowed 20 grand and had to put my house up for guaranteed pay back , [bleep] them !
this is the type of mentality......or lack of it I don't understand.....you needed money....they where the only place that you could get it....
the basturds actually wanted some collateral and you say fugg them...….you should probably be thankful…..you now own a small tool shop...bob
I put up a house valued well over 100 grand that I owned free and clear to borrow 20 grand, a little more than "some collateral " , yes f~ck them !
It sounds like your house was the only thing you owned that could be used at collateral, it doesn't matter if it was worth $500k when it's your only possession to use as collateral.
You could've gotten an unsecured business loan but your interest rate would've been a lot higher, as it should be on a high risk loan.
You could've always gotten a loan from a private investor if you hate banks so much.
Would you loan someone $20k with zero mechanism to recoup your money if they stopped paying?
