Monday 16 May 2011

Happy students....

The final straw for the academic year, the student submitted her portfolio today.

Lots of piles of paper all over the table collated into a folder. Delivered to her supervisor and she is home and happy.

Half the day for me spent sorting finances and things look OK

The bank who of course say we cannot afford to lend will be out of the equation. A new lender will led us a lot more on what will be a lot less equity. Since the loan will not be long term they are happy for tbe loan to be interest only which reduces our outgoings hugely.

I really am a bit bewildered at why our bank turned down a sound business case, someone suggested they don't have clever managers any more, just computers and chimps. I think someone had a point there.

R



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