Okay, as promised here are the details of the meeting last night with the Jewish Free Loan people. First of all I had to get 3 guarantors who were all willing to be responsible for the money, which was no easy feat. This loan would require monthly payments starting immediately, but at zero interest.So my appointment was for 7:30 last night. I arrived at 7:25. As I stepped into the doorway of the office I was met with a man behind a desk and 4 old white men in chairs, all staring at me. "Tera?" the man behind the desk said, "I just called you to see where you were". "Are you all waiting for me" I asked? Yup. This room full of people were all waiting for me. Gulp.

2 of the men and myself went into  a small office and they told me that they would be asking me a bunch of questions and then after I leave they would meet with a committee and make a recommendation.

They asked and I answered questions about the business model, location, competition, menu, price point, and all of the finances.

I had cotton mouth the whole time.

They complimented the business plan several times and even went so far as to say that it was one of the best they've seen.  Then they thanked me and told me I could call the next day after 11:00 am to find out if we got the money or not.

So I called like the manic person I am from 11 on until I finally got through.


We're on the way!!
9/15/2011 08:48:44 pm

Hey Ms. T.. Congrats on the loan. Here's to a great start!

11/25/2013 12:32:29 pm

The details that you share of the meeting last night with the Jewish Free Loan people is very helpful in pay day loans. Thanks for this wonderful and knowledgeable post.


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