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Thursday, 04/03/2008 5:16:01 PM

Thursday, April 03, 2008 5:16:01 PM

Post# of 87366
Just a little information I came across on Wells Fargo. I recently have applied for a grant for a nonprofit organization for $500,000, and because we are a nonprofit we received a phone call from the grant company offering us a loan at 1% for $500,000 until the grant was approved.

I've been somewhat suspicious of being offered a loan on a grant that had not been approved yet, ask them some pointed questions as to who is backing the loan, low and behold it was Wells Fargo.

I also was told they do this all the time so that small businesses and other such operations can get started while the grant process is being executed. I don't know if this has to do with anything about heritage capital Corp. I just saw Wells Fargo in the mix and thought I would present it. Val smile

,,,just chill, that's what my kids say, seems to work,,,

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