Quote:
Originally posted by hoosier
My take is that the loan from "natl." should be the last resort.
The chapter's advisors should include quality people, who can go to a bank/credit union, tell the story, and get a loan.
When the "natl." has a high interest rate, it forces the local chapters to try locally first. If the local banks won't make the loan, the "natl." office 800 miles away probably shoulldn't either.
There's no "natl." that can afford to loan $$ to many chapters.
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hoosier, while that might be true, it is not the Nationals who do the loaning, but the Group that can request the financing because of the size. Each and every Chapter does not have the Power to did it, Correct?
The Larger holds more Power to get Financing, ergo LCAP. See the LXA Web Site. It is not The IHQ who is doing this but Financing from a larger Entity.
Now if I stated early a consortium of GLOs were working together as they can on a National Basis!!
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