I don't often write about my business or private life, but...
Typical a letter from my bank on a Saturday.
With the reduction of the Euro has meant quotes I gave six months ago are coming to fruition. The fact that we have doubled turnover in the last year is beside the point. Our partnership is ready for the next step, i.e. we are ready to hire at least one more person to fulfill the business on the books.
I used to own 100% of the business but to reward my two employees for their years of service I made them equal partners. The problem is not there, but neither of them have the financial resources to contribute to expansion, so we went to the bank.
They regret, of course they fucking regret that the credit worthiness of my two colleagues is insufficient, wtf, I said, OK, I will act as guarantor, now I have a problem with two people I cherish. Goddammit, it is a risk I am willing to take but now they are insisting I take majority share, I don't want it, they don't want to be beholding, that I can understand.
Fine if I cover 100% of the loan the arseholes at the bank declare, but Jesus H effing Christ we make a bloody profit I say. Still; they reply. My accountant says that I must cover my ass, Oh sheesh, I say, I run my business on trust and friendship, not in business; I'm informed.
It's going to be one hell of a Monday.
Anyone got any bright ideas? I'm an engineer/researcher not a banker.
Why do I have to piss off everyone?