Vol. 5, No.13 13 October 2024
FANTASY
I walk into a bank and I say to the loan officer, "I want a loan of 62 million dollars." The officer says, "Yeah, sure."
NO! That's not what happens. The officer says, "Huh?"
So, then I explain that I plan to buy property, I plan to improve it, I plan to make substantial repairs, I plan to put other buildings on it. The officer looks skeptical. So, I continue, "In addition, I plan to pay the loan back without making any changes in my current income."
The officer's face looks very puzzled. So, I go on and say that I will appoint my family members to comment on my plans.
At which, point . . .
REALITY?
If I were that officer, I would want to see
clear plans for projects
a thought-through estimate on how much each will cost
an anticipated-time line on when the projects are likely to occur
an explanation of how the loan is going to be paid back
a description of the powers and structure of the group that is going to be commenting
Thank you for organizing the upcoming forum! We plan to attend.