Thread: Key Bank Loans
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Old 03-10-2008 | 08:04 PM
  #9  
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rickair7777
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From: Engines Turn or People Swim
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Originally Posted by LeoSV
Yes, it will. It already has with Silver State Helicopters. They expanded locations and bought some more helicopters because they had a decent business model. They had their rough times, but they were still making some money. Now that it's much harder to get a huge loan, like for pilot training, the amount of students is decreasing simply because they cannot get a loan, and not many people have $80K in the bank to start career training. Anyhow, Silver State closed it's doors about a month ago nationwide because of the sudden decrease in new students. An direct result of the credit crunch.
I always thought those adds looked too good to be true...
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