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Major Banking Institutions are ceasing loan programs.

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Comments

  • WestlinnDuck
    WestlinnDuck Member Posts: 17,961 Standard Supporter

    thechatch said:

    The buzz in commercial banking is that they will be instituting a moratorium on all commercial lending.

    First time since 08.

    But we aren’t in a recession.

    Who is going to want a commercial loan with rates rising anyways?
    In construction you need loans to cover the float between billing and payments. As a sub we are the bank so we need a bank

    08 credit crunch hurt. Rising rates hurt but not as bad as no money


    Or

    Why starving your business of cash is actually good for you

    MSN
    It’s actually helpful because you get better at planning, budgeting and prioritizing.
    But some companies are excellent at all the above, and are screwed because their long-term assumptions were based on existing reality. Then along came the dementia patient and a doubling of their energy costs was way outside their planning, budgeting and prioritizing. Hopefully, those people were democrats.
  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 115,749 Founders Club

    thechatch said:

    The buzz in commercial banking is that they will be instituting a moratorium on all commercial lending.

    First time since 08.

    But we aren’t in a recession.

    Who is going to want a commercial loan with rates rising anyways?
    In construction you need loans to cover the float between billing and payments. As a sub we are the bank so we need a bank

    08 credit crunch hurt. Rising rates hurt but not as bad as no money


    Or

    Why starving your business of cash is actually good for you

    MSN
    It’s actually helpful because you get better at planning, budgeting and prioritizing.
    I know you're being sarcastic but we have to put out millions on the come and wait

    Construction is a time lag business. You don't play you don't win

  • MikeDamone
    MikeDamone Member Posts: 37,781

    thechatch said:

    The buzz in commercial banking is that they will be instituting a moratorium on all commercial lending.

    First time since 08.

    But we aren’t in a recession.

    Who is going to want a commercial loan with rates rising anyways?
    In construction you need loans to cover the float between billing and payments. As a sub we are the bank so we need a bank

    08 credit crunch hurt. Rising rates hurt but not as bad as no money


    Or

    Why starving your business of cash is actually good for you

    MSN
    It’s actually helpful because you get better at planning, budgeting and prioritizing.
    I know you're being sarcastic but we have to put out millions on the come and wait

    Construction is a time lag business. You don't play you don't win

    Even think about playing the don't come line? That's what I thought.
  • MikeDamone
    MikeDamone Member Posts: 37,781

    thechatch said:

    The buzz in commercial banking is that they will be instituting a moratorium on all commercial lending.

    First time since 08.

    But we aren’t in a recession.

    Who is going to want a commercial loan with rates rising anyways?
    In construction you need loans to cover the float between billing and payments. As a sub we are the bank so we need a bank

    08 credit crunch hurt. Rising rates hurt but not as bad as no money


    Or

    Why starving your business of cash is actually good for you

    MSN
    It’s actually helpful because you get better at planning, budgeting and prioritizing.
    But some companies are excellent at all the above, and are screwed because their long-term assumptions were based on existing reality. Then along came the dementia patient and a doubling of their energy costs was way outside their planning, budgeting and prioritizing. Hopefully, those people were democrats.
    You sound like quite the victim.
  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 115,749 Founders Club

    thechatch said:

    The buzz in commercial banking is that they will be instituting a moratorium on all commercial lending.

    First time since 08.

    But we aren’t in a recession.

    Who is going to want a commercial loan with rates rising anyways?
    In construction you need loans to cover the float between billing and payments. As a sub we are the bank so we need a bank

    08 credit crunch hurt. Rising rates hurt but not as bad as no money


    Or

    Why starving your business of cash is actually good for you

    MSN
    It’s actually helpful because you get better at planning, budgeting and prioritizing.
    I know you're being sarcastic but we have to put out millions on the come and wait

    Construction is a time lag business. You don't play you don't win

    Even think about playing the don't come line? That's what I thought.
    I covered that
  • WestlinnDuck
    WestlinnDuck Member Posts: 17,961 Standard Supporter

    thechatch said:

    The buzz in commercial banking is that they will be instituting a moratorium on all commercial lending.

    First time since 08.

    But we aren’t in a recession.

    Who is going to want a commercial loan with rates rising anyways?
    In construction you need loans to cover the float between billing and payments. As a sub we are the bank so we need a bank

    08 credit crunch hurt. Rising rates hurt but not as bad as no money


    Or

    Why starving your business of cash is actually good for you

    MSN
    It’s actually helpful because you get better at planning, budgeting and prioritizing.
    But some companies are excellent at all the above, and are screwed because their long-term assumptions were based on existing reality. Then along came the dementia patient and a doubling of their energy costs was way outside their planning, budgeting and prioritizing. Hopefully, those people were democrats.
    You sound like quite the victim.
    Sorry, Damone, there are a lot of victims of leftard/commie oppression. You agree? Like our children? Just say Yes or No or Mello.
  • MikeDamone
    MikeDamone Member Posts: 37,781

    thechatch said:

    The buzz in commercial banking is that they will be instituting a moratorium on all commercial lending.

    First time since 08.

    But we aren’t in a recession.

    Who is going to want a commercial loan with rates rising anyways?
    In construction you need loans to cover the float between billing and payments. As a sub we are the bank so we need a bank

    08 credit crunch hurt. Rising rates hurt but not as bad as no money


    Or

    Why starving your business of cash is actually good for you

    MSN
    It’s actually helpful because you get better at planning, budgeting and prioritizing.
    But some companies are excellent at all the above, and are screwed because their long-term assumptions were based on existing reality. Then along came the dementia patient and a doubling of their energy costs was way outside their planning, budgeting and prioritizing. Hopefully, those people were democrats.
    You sound like quite the victim.
    Sorry, Damone, there are a lot of victims of leftard/commie oppression. You agree? Like our children? Just say Yes or No or Mello.
    I was being sarkastic. Are your knew to this place?
  • Goduckies
    Goduckies Member Posts: 8,088 Standard Supporter

    When catch and release occurs, it isn't a policing problem, its a voter problem.



    I was there this weekend and daw the aftermath, pure insanity
  • Goduckies
    Goduckies Member Posts: 8,088 Standard Supporter
    Blu82 said:

    Historically, interest rates below 7% are a bargain.
    We just became accustomed to artificially low rates. Now, we pay the price for it.

    Yup, i remember when we went under 6.5% the first time at wells then 4%.... these low rates were unheard of.