But I don’t understand this loan shark thing or why the dad even took out a loan in the first place. He wanted to buy extra stuff to sell, so he mortgaged the entire company for a loan or just the building? How would property values affect the loan amount after the loan’s already been distributed? That’s a predetermined amount. Also, if he really put the building as collateral and only couldn’t pay cause the lenders disappeared, there’s no way it’d hold up in court. So what? They’re gonna show up randomly one day and beat him till they get keys to the building?
And then they’re only supposed to get the building. Not the business. He could just move before they get back. Let them take the old building and start new with all this fancy money from selling accessories that was so important to him to risk everything.....
I just literally can’t get past this to keep reading.
But I don’t understand this loan shark thing or why the dad even took out a loan in the first place. He wanted to buy extra stuff to sell, so he mortgaged the entire company for a loan or just the building? How would property values affect the loan amount after the loan’s already been distributed? That’s a predetermined amount. Also, if he really put the building as collateral and only couldn’t pay cause the lenders disappeared, there’s no way it’d hold up in court. So what? They’re gonna show up randomly one day and beat him till they get keys to the building?
And then they’re only supposed to get the building. Not the business. He could just move before they get back. Let them take the old building and start new with all this fancy money from selling accessories that was so important to him to risk everything.....
I just literally can’t get past this to keep reading.