From: utzoo!decvax!duke!harpo!npoiv!npois!houxm!ihnp4!ihlpb!burris
Newsgroups: net.invest
Title: Request loan info. - (nf)
Article-I.D.: ihlpb.179
Posted: Mon Dec 20 18:00:35 1982
Received: Tue Dec 21 08:17:03 1982

#N:ihlpb:5600001:  0:574
ihlpb!burris    Dec 20 11:24:00 1982


A question about getting loans:

Situation:

You are offered a three month job which will pay approximately
$180,000. You decide that the job is too good to pass up and sign a
contract. The problem is that you must borrow $80,000 to obtain the
equipment required to do the job.

Question:

Would the proof of income implied by the signed contract be adequate
to obtain the loan from a bank for the $80,000?

Please mail responses and if I get enough I will summarize.

I would prefer experienced facts, not speculation please!!

Dave Burris
ihlpb!burris
BTL - Naperville