MichaelRoss
February 28, 2007, 02:33 PM
Nigel/Erik,
Thanks for asking.
Does anyone have any experience or know anything about bringing in partners for loan guarantees or co-signing on substantial portions of institutional interim financing?
My rule: NEVER co-sign or guarantee a loan for someone else and/or someone else's deal.
Sometimes, the best thing that can happen is the bank says "no". You may Think they are Too Conservative, but they have Many years of experience to back up their decisions. Take heed.
Michael Ross
Thanks for asking.
Does anyone have any experience or know anything about bringing in partners for loan guarantees or co-signing on substantial portions of institutional interim financing?
My rule: NEVER co-sign or guarantee a loan for someone else and/or someone else's deal.
Sometimes, the best thing that can happen is the bank says "no". You may Think they are Too Conservative, but they have Many years of experience to back up their decisions. Take heed.
Michael Ross
