SBA process takes 4ever...scrap metal prices r in the toilet
he did the best he cud with what he had imo...many of his peers r already dead or dieing
he cudnt even afford raw material costs b4 loan came thru
all of $5m loan amt is accounted for...going toward expenses...not ceo compensation
the 2 collateral properties were the 2 gnpt salvage yards imo...hard to do biz with those sold
ALL POSTS R MY OPINION ONLY DO YOUR OWN DD
First they ignore you, then they laugh at you, then they fight you, then you win.
Mahatma Gandhi