Its a revolving credit line. Everyone keeps an emergency fund for the unexpected (savings, credit line, mom & dad
). As mgmt explained it to us, ours was cut off by Capitalsource in their whole let's get out process.
The panic set in because they had to hit the fund a couple of times last year because they had four, count four catestrophic medical expenses alone. You know, the ones that cost millions for the insurance and still cost companies a hundred thousand bucks (2 lukemia, one on the job fall that caused paralyzation, I still pray for them).
What to think, though? Not sure, but the investment group did close the Aloha deal and now that that debacle is over and we are coming to the busy season, maybe the rah rah sales pitch that came last summer (about this summer) can finally start coming about.
I heard were getting ready to hire again. Not too late to get your app in