It is all a blur. I can’t even remember the order of events. It was like, 2014, engage with bank. Loan Denied. 2015. Wake up mad. Decide to rewrite and rewrite and rework and seek advice regarding business plan. Get lots of input from experts. Work hard on radio station. Have friend consider investing. Have friend front an appraisal. Appraisal comes back high. High enough to cover loan requested. Engage with Bank #2 with appraisal and new business plan. Have Bank #2 interested. Engage with SBA loan backing interface corporation. Then the train stops. And things are on hold. They need this and that, they pick apart historical tax credits. They need form amended. 30 days later it is done. They need second appraisal. Second Appraiser disappears. Hire another appraiser. Gets appraisal back to bank. It is even higher than before. Good news abounds. SBA loan backing interface corporation approves loan. Then onto the SBA. They ask many questions. Need forms signed in specific places, not just any old place. Need this file in this format. Need to hear about other business gross income. Need to know why we think we can do this. We say, DUH! Are you kidding? Of COURSE we can do this, you just have no idea.
SBA Approves loan. Documents are drawn, insurance is bought, things are notarized.
We meet with Donna Lawrence from Simmons Bank on September 3rd. We sign papers. We sign lots of papers. We eat lunch. We are in shock! This is actually going to work!!!!
Joining the Capital Class!!!