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To: pgkdan
...If the guy wasn’t making any money he wouldn’t have made millions in renovations at the insistence of Chysler4...he wouldn’t have $300,000 in parts inventory and he wouldn’t have a lot full of cars that he can now not sell....

Ever heard of business loans? From the article:

...Our facility was recently totally renovated at Chrysler's insistence, incurring a multi-million dollar debt in the form of a mortgage at Sun Trust Bank...

I'm sure he expected to be in business a long time and over that time repay those loans.

166 posted on 05/19/2009 12:16:56 PM PDT by FReepaholic (Endeavor to persevere.)
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To: FReepaholic
Ever heard of business loans? From the article:

Yeah smart ass I have. Those business loans that you know so much about are granted with the expectation of repayment...and that's based on how much money the company is worth. Sheesh!

177 posted on 05/19/2009 12:36:12 PM PDT by pgkdan ( I miss Ronald Reagan!)
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To: FReepaholic
Ever heard of business loans? From the article:

All dealers do that, it's called flooring.

Most companies that carry large inventories do the same thing.

246 posted on 05/19/2009 1:48:52 PM PDT by Las Vegas Ron (zer0 is doing to capitalism what Kennedy did to health care)
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