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From YouTube: Mountain Community Capital Fund
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C
B
I'm
zooming
in
from
the
hot
state
of
florida,
so
good
to
see
you
all
this
morning.
If
we
can,
maybe
we
can
start
off
with
a
quick
roll
call.
So
if
we
can
all
each
go
around
and
introduce
ourselves
with
their
name,
whether
you're
city
or
county
appointee,
and
whether
you're
a
voting
member.
B
So
I
will
start,
my
name
is
maui
vang.
I
am
the
new
mccf
chair
and
I'm
a
county
appointee,
a
voting
member
and
then,
let's
see
I'll,
just
go
around
my
screen.
Here
tim
you
are
the
first
one
on
the
upper.
B
Thank
you
kelly.
You
are
next.
E
F
C
B
Thank
you
rachel.
You
are
an
excellent
secretary.
Thank
you.
Let's
see
ran
out
of
my
screen
here,
carl.
A
B
Thank
you.
There's
a
downline
from
a
phone
number,
an
855
phone
number.
I
So
that
is
our
public
input
number,
so
that
is
how
everyone
is
able
to
call
in
and
actually
hear
the
meeting.
Oh.
B
Got
it
okay,
since
thank
you
perfect!
Well,
that
is
the
whole
list
that
I
see.
I
know
I
was
emailing
with
gasoline
from
mountain
visworks
and
she
indicated
that
there
may
be
a
couple
of
loan
requests
this
morning,
so
she
may
join
us
in
a
little
bit
here,
but
as
as
of
now,
I
think
we've
got
through
everyone.
J
A
B
C
B
B
I
don't
know
it's
helpful
to
share
the
screen
to
show
the
agenda
page
or
should
we
just
kind
of
talk
through
them?
I
think
we
sent
it
ahead
of
time
as
well.
B
K
Sure
thing
you
also
and
gonzalez,
I
am
with
mountain
mistworks
as
a
small
business
lender
and
I'm
a
non-voting
member.
B
Perfect
so
real
quick,
we
will
just
take
a
quick
look
at
the
july
minutes
see
if
there
are
any
changes
that
need
to
be
made
and
then,
if
not,
we
can
motion
to
approve
minutes
from
july.
B
B
Excuse
me
so
motion
approved
to
approve
the
july
minutes
and
I
believe
we
have
someone
else
who
just
joined
us
as
well.
Let's
see,
I
think,
nikki.
J
B
You
too,
thank
you
perfect,
so
we
will
jump
into
the
old
business
section
of
our
agenda
just
going
to
cover
some
of
these
a
little
bit
quickly,
since
we
do
have
some
loan
requests
on
the
books
for
today.
So,
okay.
B
Oh,
that's
right,
you
cannot
do
a
vote.
Thank
you,
tim
well.
Let's
take
a
quick
vote
to
approve
the
minutes
from
july,
so
everyone
who
is
in
agreement
raise
your
digital
hand
or
say
aye
all
right
awesome.
It
looks
like
the
motion
passes.
Thank
you
tim.
Thank
you.
Everyone.
D
B
Oh
for
the
july
minutes:
okay,
all
right!
Anyone
opposed
to
the
approval
of
the
july
minutes.
Please
raise
your
hand
or
say
aye.
B
B
So
I
kind
of
alluded
to
this
earlier
but,
as
you
all
may
know,
jeff
kaplan,
our
previous
mccf
chair,
has
stepped
down
and
jeff
has
done
such
a
great
job
to
just
really
solidify
this
most
recent
phase
of
the
mccf
to
be
a
great
advocate
and
helped
us
raise
a
good
amount
of
funds
for
this
new
phase.
B
As
you
know,
we
have
quite
a
few
dollars
that
have
come
our
way
through
all
the
different
various
grant
funding,
so
super
exciting,
but
jeff
has
decided
to
step
down
and
during
this
time,
and
so
in
the
last
meeting,
we
voted
did
a
nomination,
an
election,
and
I
was
voted
as
the
new
mccf
chair,
so
I'm
super
thrilled
to
work
alongside
all
of
you
to
really
carry
out
the
mission
of
mccf
and,
like
I
mentioned
this
is
going
to
be
a
really
exciting
phase
for
this
group
and
for
our
region.
B
So
I
look
forward
to
collaborating
with
each
and
every
one
of
you
and
if
ever
there
are
any
issues
or
questions
or
suggestions,
as
you
already
saw
from
this
morning,
I
am
well
open
to
input
and
feedback
learning
as
we
go
and
grow
here,
so
you
know
just
really
looking
forward
to
working
together.
B
I
will
take
a
minute
here
to
see
if
anybody
has
any
comments
from
last
time.
I
know
a
couple
of
you
may
be
missing
from
last
time.
I
think
some
of
you
may
not
been
present
so
just
wanted
to
open
up
a
little
bit
of
time
here
for
any
comments.
C
B
Yeah
and
as
you
saw
again
this
morning,
I
will
be
leaning
on
you
guys
as
well
to
help
with
this
great
mission
that
we
have
here
perfect.
So
let
us
move
on
in
the
old
business
section
of
the
agenda
last
time.
In
the
july
meeting
we
had
some
proposed
edits
from
self-help
with
our
governing
documents,
and
we
had
some
work
groups
sessions
too.
I
believe
in
the
month
of
july
to
further
the
review
of
those
documents.
B
So
I
wonder
if
there's
any
other
representatives,
some
self-help
who
may
want
to
stand
in
for
karen,
if
not,
we
can.
It
probably
might
be
best
to
move
that
to
our
next
meeting.
A
Thank
you.
Thank
you
maui.
I
I'm
here,
but
I
know
that
they
haven't.
This
is
tara
from
self-help,
I'm
here,
but
I
know
that
they
haven't
gotten
a
chance
to
go
through
all
of
those
proposed
changes.
So
I
think,
moving
to
next
month
would
make
the
most
sense.
B
B
So
I
think
that
that
might
make
sense
to
wait
for
karen
to
be
back
and
kind
of
lead
us
in
the
review
of
those
edits.
So
does
anyone
have
any
comments
or
thoughts
on
that
before.
C
L
D
I
think
unless
you'll
see
it
otherwise
I'd
like
to
wait
until
we
have
something
from
self-help,
something
more
concrete
that
we
can
take
to
our
legal.
That
way,
it's
more
definitive.
L
Great
so
perhaps
yeah
that's
a
good
process
is.
Would
that
mean
that
then
you
know,
after
kind
of
this
group
reviews
it
next
month,
then
we
feel
like
it's.
A
functioning
would
really
work
for
the
improved
function
of
the
committee.
Then
at
that
point
perhaps
we
would
take
it
to
legal.
Does
that
sound
right
or
do
we
need
to
do
that
interim
step
before
next
month?.
D
I
think
I
think
this
group
should
weigh
in
and
hear
kind
of
what
the
working
group
is
kind
of
identified
and
then
move
from
there.
Okay
sounds.
L
B
Yep
this
sounds
like
a
good
approach
to
me,
the
the
session
that
I
was
a
part
of
again.
There
seemed
like
there
were
a
few
items
that
we
would
have
appreciated
input
from
the
larger
group,
so,
instead
of
moving
straight
to
legal,
that
makes
sense
that
we
want
to
buy
the
group
next
month.
So
do
we
need
to
pass
or
do
we
need
to
pass
a
motion
to
change
that
part
of
the
agenda
or
rachel?
Are
you
good
on
just
taking
notes
on
that.
C
E
C
To
the
next
meeting,
so
when
you're
building
that
next
agenda,
you
can
look
at
the
section
for
next
one
next
month's
reminders
and
I'll
have
all
the
next
steps.
There
perfect.
B
So
there
we
go
again
so
back
to
our
agenda.
Just
wanted
to
leave
a
little
placeholder
in
here
for
any
updates
on
the
status
of
our
contracts
with
these
various
organizations.
B
G
Hi-
this
is
frank.
I
was
actually
chatting
with
kim
mormon
sax
at
the
city
of
asheville
early
this
morning
and
they
are
they're
working
or
she
is
working
through
the
contracts
in
groups
of
five
right
now
this
the
agreement
for
mccf
is
slated
for
september.
G
C
I
B
So
the
next
item
on
our
agenda
last
time,
we
jason
brought
a
risk
manager
from
mount
bisworks
to
discuss
our
quarterly
the
quarterly
report,
and
I
think
we
had
some
remaining
questions
that
we
may
want
to
address
this
morning,
but
yeah.
I
believe
I
don't
see
your
colleague
here.
So
let's
know
if
we
need
to.
B
She's
with
us,
I'm
here,
oh
kelly,
yes,
okay,
that's
right!
So,
yes
kelly.
I
think
we
had
just
general
questions
from
the
quarterly
report
and
I
don't
have
those
notes
immediately
in
front
of
me,
but
I
can
open
up
the
floor
to
any
other
questions
that
someone
might
have,
and
I
think
I
do
have
one
follow-up
thought
as
well
to
add
in
there
but
yeah
and
if
you
have
any
comments
right
now,
you
know
right
off
the
bat.
K
Sorry,
it
was
just
more
of
an
update
on
the
existing
on
the
one,
I'm
sorry
two
loans
to
one
applicant
or
one
client
that
we
had
just
to
kind
of
give.
You
guys
a
general
update
of
where
we
are
in
the
process
of
that
of
the
collection.
E
Sure
so,
like
yazon,
said,
the
there's
two
loans
that
have
defaulted,
but
the
loan
is
to
the
same
borrower
so
we're
dealing
with
the
same
business
for
both
of
these
loans.
I'd
be
careful
not
to
tell
the
business
name
they
when
they
defaulted.
Mountain
biz
works.
The
first
thing
we
do
is
we
deploy
coaches
to
try
to
do
technical
assistance
to
find
out.
You
know
what
what
has
happened,
why
the
business
owner
cannot
repay
the
debt.
E
We
have
done
that
multiple
times
with
multiple
coaches
and
multiple
staff,
members
and
we've
not
while
the
business
owner
was
welcoming
that
and
did
meet
with
us.
When
we
went
on
location
to
the
brick
and
mortar
site,
they've
been
non-responsive
and
then
from
there
they
stopped
paying
the
account
after
they
stopped
paying
the
account.
We've
tried
various
you
know.
First
stage
collection
practices,
which
is
you
know,
phone
calls
site
visits,
letters,
no
responses.
We
did
get
repeated
promises
to
pay.
They
never
followed
through
to
pay
with
those.
E
So
right
now
the
the
two
accounts
they're
one
of
them
is
due
for
past
due
for
may
first
payment
and
then
the
other
one
was
the
first
payment
default,
which
was
due
for
january
first
of
this
year.
So
after
we
went
through
the
first
stages
of
trying
to
give
the
technical
assistance
collections
and
working
with
the
client,
they
became
unresponsive.
E
E
We
contracted
with
a
local
repo
agent,
that's
licensed
and
bonded,
and
that
that
repo
agent
has
went
by
the
brick
and
mortar
location
several
times
and
the
business
is
never
open
during
the
posted
hours
of
being
open.
We
have
noticed
that
that's
been
on
google
reviews,
one
of
the
complaints
for
the
business
through
that
process.
We
did
learn
that
we
think
the
business
owner
has
opened
up
a
second
location
under
a
different
llc.
E
E
So
the
question
is:
where
does
that
leave
us
now?
As
far
as
collections
we
can,
we
can
keep
going
and
try
to
get
a
judgment
which,
when
I've
talked
with
our
executive
director
matt,
I
think
that's.
What
we
want
to
do
is
just
to
protect
us
in
all
interested
parties
where
we'll
have
a
judgment
to
where
we
could
collect
that
down
in
the
future.
I
do
not
think
we're
going
to
be
able
to
get
any
of
the
collateral
to
be
able
to
liquidate,
which
brings
up
a
question.
E
I
know
the
the
program
guidelines
is.
We
have
to
get
the
collateral
to
liquidate,
to
apply
that
to
the
account
and
then
file
the
claim
from
there
and
again.
I
just
don't
think
that
that
we're
going
to
be
able
to
do
that.
So
the
question
comes
up.
There
has
to
be
a
point
of
how
much
expenses
do
we
want
to
incur.
E
You
know
on
trying
to
keep
it
going
after
the
collateral,
I
think
as
far
as
the
collateral
itself,
if
we
did
get
it,
I'm
not
totally
convinced
we
would.
We
have
a
large
recovery
with
it
that
would
really
offset
the
balance
that
much
it's
not
the
collateral
is
nothing
that
would
be
like
a
license
or
a
title
vehicle
or
something
with
the
title
would
be
items
that
are
covered
through
the
ucc
that
do
not
have
serial
numbers.
E
So
it
could
be
that
the
business
owner
could
take
the
collateral
and
hide
it
or
put
it
in
a
different
location
which
would
bring
up
a
problem
of
can
we
show
that
we
have
right
to
that
as
far
as
lean
on
it,
if
there's
no
serial
number,
so
that's
pretty
much
the
update.
This
is
one
of
those
it's
like.
We've
we've
tried
everything
that
we
can.
E
F
All
right,
thank
you
for
that.
I'm
sorry.
I
was
muted
a
couple
of
questions.
How
much
was
the
aggregate
of
both
of
those
loans?
Was
it
fifty
thousand
for
both.
E
F
And
another
question
kelly:
were
you
involved
in
this
actuarial
a
risk
assessment
prior
to
the
loan,
because
a
couple
of
us,
including
me,
had
questions
about
the
viability
of
it?
I
I
hate
to
say
it,
but
I
you
know
experiences
that
when
I
refi
loan,
unless
somebody
can
pay
me
off,
I'm
not
inclined
to
refi.
F
Unless
you
got
one
hell
of
a
contract,
that's
gonna
show
revenue
generation,
two
service,
so
was
the
risk
assessment
process
utilized
up
front
with
this
particular
customer,
or
do
you
have
risk
rules
from
an
actuarial
standpoint
that
would
prevent
such
a
thing,
especially
from
a
refinance,
because
that's
a
that's
a
trigger
for
somebody
like
me,
or
it
will
be.
Hopefully
if
we
get
the
new
document
set
up.
E
Actually,
both
I'm
not
on
the
front
end
as
far
as
in
depth
with
the
underwriting,
but
you
know
we're
relatively
small
organization
I
I
was
brought
in.
I
did
have
conversations
with
the
lender
and
and
both
christopher
and
matt,
and
I
realized
that
that
was
that
is
a
concern
that
was
a
concern
of
mine
in
the
beginning.
So
if
we
approach
something
like
this
and
we
look
at
the
existing
loan,
even
if
they're
having
you
know
payment
difficulties,
we
try
to
look
at.
E
We
look
at
the
the
risk
of
that
in
most
cases
are
worth
taking.
I
understand
totally
where
you're
coming
from,
and
I
think
what
you
have
to
do
is
approach
it
of
you
know
is
that
business
at
a
point
to
where,
if
you
provide
them
additional
funding,
is
there
no
way
that
they're
going
to
succeed
at
that
point?
If
that's
the
case,
then
you
obviously
would
be
too
risky.
You
wouldn't
move
forward
with
it.
This
is
one.
There
was
a
lot
of
conversations
up
front.
E
We
had
a
lot
of
coaches
involved
with
it
and
it
was
apparent
that
we
did
feel
at
that
point
in
time
that
providing
the
additional
funding
would
position
him
for
success,
and
so
that's
as
far
as
the
risk
level
we
felt
like
you
know,
the
chances
of
his
success
was
worth
taking
the
risk
at
that
point
in
time.
You
know,
of
course
hindsight
is
always
different.
You
can
look
back,
but
that's
how
we
approached
it.
F
Okay,
because
we
did
several
of
us,
including
me-
did
raise
some
concerns
about
it.
I
think
our
outgoing
chairman
did
so.
It
was
kind
of
like
it
wasn't
just
after
the
fact,
but
from
now
on,
I
think
we'll
have
some
triggers
that
relate
to
the
refinance
of
an
existing
loan
from
one
portfolio
to
another,
and
I
just
bring
that
up
the
only
thing
that
I
really
hate,
and
it's
not
even
about
the
money,
it's
the
failure
of
that
business.
F
You
know
right,
I
really
do
hate
to
even
lose
one,
so
I
I
mean
I
have
some
suggestions
but
I'll
hold
those
to
try
to
retrieve
and
and
rescue
that
we've
used
before.
So
thank
you
for
your
time
and
and
the
information.
Thank
you.
B
H
Yes,
thank
you.
This
is
my
first
experience
with
a
note
going
south.
So
as
far
as
mountain
community
capital
fund
goes,
what
is
the
process
now
for
us
as
the
group,
so
your
you
know,
mountain
biz
works
is
indicating
that
a
loan
that
we
helped
guarantee
is
going
south.
So
what
do
we
do?
How
do
we
move
forward?
What's
the
process.
E
D
D
I'd
like
definitely
want
to
hear
from
you
kelly,
but
just
to
chime
in
real
quick
before
that,
so
carl
and
for
everyone,
members
of
the
public.
This
is
the
first
time
we're
facing
this.
As
a
committee,
there
is
some
structure,
that's
built
into
our
agreements,
to
claim
an
eligible
loss
and
there's
some
paperwork
associated
with
that.
D
So
we
can
talk
through
that
and
I'm
assuming
that's
kelly
where
kelly's
going
to
come
in,
but
I
think
this
committee
today
should
you
know
think
about
you
know
what
additional
information,
if
any,
do
we
need
do
we
feel
like
we
need
to
hear
additional
voices
related
to
this.
You
know
d.
You
were
setting
us
on
a
path
to
kind
of
do
kind
of
like
how
do
we?
How
do
we
look
forward
now-
and
I
think
that's
something
really
important
in
this
moment.
D
So
all
of
those
things
I
think
are
on
the
table,
so
carl
maui
jazlyn
everybody
when
you
have
questions
just
chime
in
but
kelly
I'll
I'll
turn
it
back
to
you,
because
you
had
some
items.
You
were
going
to
speak
to.
E
Yeah
not
really
a
lot.
I
am
running
a
7a
program
here
which,
if
you're
not
familiar
with
that
that's
one
of
our
larger
loan
programs
where
we
get
the
guarantee
by
backed
by
the
sba,
so
I've
been
the
one
the
point
person
to
submit
those
claims
to
the
sba
if
you've
had
any
experience
with
them,
they're
very
detailed.
E
I
would
approach
this
one,
and
I
have
approached
this
in
exactly
the
same
way,
because
I
feel
like
it
warrants
that
responsibility
on
behalf
of
mountain
biz
work,
so
I
would
approach
it
the
same
most
likely.
I
would
have
more
a
lot
more
information
that
you
know
what
I've
seen
in
the
guidelines.
There
a
nutshell
you
to
start
from
the
beginning
of
when
they
first
of
all
what
happened?
What
did
mountain
bizworks
do
to
try
to
you
know
remedy
the
situation.
Did
we
support
that
client?
You
know.
E
Were
they
responsive
and
then
you
just
go
on
down
the
line,
evaluate
the
collateral.
If
you
can
repossess
the
collateral
and
then
from
there
moving
forward,
is
there
any
reason
to
believe
that
we
can
get?
You
know
collateral
in
the
future
or
any
kind
of
recovery?
So
you
would
at
the
end
of
it,
deem
if
it's
a
total
loss
or
you
know,
if
it's
possible
to
be
able
to
have
any
recovery.
E
The
one
thing
I
will
say
that
that
I've
noticed
the
question
that
I
would
have
in
this
case.
As
far
from
what
I
understand,
the
guidelines
state
that
we
must
liquidate
all
collateral
prior
to
filing
a
claim
which
I
don't
have
a
problem
with,
but
what
I
want
to
pose
the
question
out.
E
I
think
a
lot
of
these
are
written
with
our
catalyst
program,
which
is
you
know
there
to
try
to
support
the
business
and
I
think,
there's
even
measures
in
place
that
if
the
business
owner
has
put
forth
every
effort
possible
and
their
business
still
fails,
then
we
still
support
that
business
to
try
to
if
they
want
to
go
into
another
business
or
something
there.
E
So
that
brings
up
the
question
is:
if
we
do
in
the
future,
have
a
business
that
has
defaulted
they've
been
totally
cooperative,
they've
tried
everything
they
can
possibly
do
and
they
can't
make
it
work.
For
whatever
reason
do
we
really
want
to
require
that
we
go
out
there
and
retake
their
collateral
and
liquidate
that
you
know
granted?
That
would
get
us
recovery
on
the
loan.
E
But
if
we're
trying
to
help
that
business
owner's
success
and
it's
out
of
the
catalyst
program,
are
they
going
to
need
that
collateral
if
they
were
able
to
move
forward
in
the
future?
So
I
want
to
toss
that
out
there,
because
I
know
a
lot
of
these
loans
run
in
conjunction
with
with
the
catalyst
program.
I
mean,
I
don't
need
an
answer
today,
but
I
just
wanted
to
kind
of
toss
that
out
there
as
something
to
think
about.
B
Those
are
all
really
valid
questions
kelly,
thank
you
for
posing
them,
and
I
see
that
dee
has
raised
our
hand
too.
So.
F
F
Okay
and
have
been
have
been
approved
by
the
bodies,
the
elected
bodies
who
who
appointed
us
and
when
we
came
on
board
those
are
the
guiding
principles
that
aligned
with
the
charge
that
we've
been
given:
okay
and
one
of
those
charges
and
those
operating
documents
align
with
protecting
the
public
interest
and
providing
oversight.
F
I
think,
if
you've
got
a
program,
an
internal
program
at
mountain
biz
cap,
that
is
fine,
but
it
is
not
to
be
conflated
with
the
mccf
fund,
not
unless
this
body
and
the
governments
who
appointed
us
waived
that
and
then
changed
the
documents
to
reflect,
and
certainly
if
they,
if
that
would
be
their
will,
since
they
are
directly
elected.
That
would
be.
My
only
thing
is
that
the
conflation
of
the
catalyst
program
with
mccf
operating
principles
is
something
I
don't
believe
we
have
the
capacity
to
change
or
to
modify
to.
F
I
think,
basically
like
I've
said
that
would
be
up
to
council
and
buncombe
county
government,
because
after
all,
these
assets
that
we
guard,
along
with
others,
belong
to
the
taxpaying
public
and
we
surely
are
all
accountable
to
them.
That
would
be
my
only
comment.
Thank
you.
B
Thank
you
dee.
I
did
want
to
ask.
I
see
carl
writes
his
hand.
So
before
we
go
to
carl
real,
quick
kelly
like
in
general,
do
you
I
know
the
catalyst
fund
or
the
callus
program
is
fairly
new
as
well.
So
these
are
all
kind
of
we're
still
learning
as
we
go
sort
of
the
trends
here,
but
have
you
seen
trends
of
possible
like
the
business
owners?
You
know
they.
We
all
know
the
failure
rates
on
businesses.
So
that's
that's.
B
E
Yeah,
we've
not
had
it
yet.
We've
not
had
any
any
default
at
this
point
so
so
far
the
the
program
has
been.
You
know
very
successful.
We've
had
some
that
have
hit
a
couple
of
bumps
on
the
way,
but
we've
you
know
provided
coaching
and
worked
with
them
and
so
far
they're
they're
holding
their
own
they're
doing
pretty.
Well,
so
I
mean
on
appearance
and
trends.
It
looks
like
the
delinquency
is
going
to
be
very
low
with
it
so
and
and
be
honest
with
you.
K
K
So
in
a
lot
of
cases,
there's
not
going
to
be
really
much
collateral
to
go
after,
like
kelly
said
in
this
particular
case,
I'm
being
the
collateral
is
very
minimal
here,
so
the
attempt
has
been
made
to
collect
it,
however,
and
and
of
course,
we'll
be
able
to
show
that
the
attempt
has
has
been
made,
but
it
there
may
be
that
we
might
not
even
be
able
to
collect
it.
So
I
just
wanted
to
put
that
out.
There.
E
Yeah
and
I
think
with
that
to
tie
along
with
her
my
point
was:
it
comes
to
the
cost
involved.
You
know,
if
we're
having
to
be
good
story,
stewards
is
done.
If
we're
going
to
spend
three
thousand
dollars
to
try
to
collect
collateral
that
we're
only
going
to
recoup,
maybe
a
very
small
amount
on
you
know.
We
have
to
weigh
that,
and
so
I
do
think
it
would
be
helpful
if
we
had
something
in
there
to
where
we
could
present
to
everyone
here
here
here
is
the
type
of
collateral.
E
H
Thank
you
yeah.
I
mean
if
we
have
a
great
entrepreneur
that
we
would
support
post
a
previous
failure.
I
think
that's
fine.
As
long
as
to
these
point,
it
falls
within
the
purview
of
you
know
our
charter,
but
my
question
that
I
asked
before
is:
what
is
the
process,
so
you
guys
sort
of
get
to
the
end?
It's
it's
not
worth
spending.
You
know
throwing
good
money
after
bad
and
you
determine
that
this
is
in
fact
a
defaulted
loan.
Do
we
get
a
demand
letter?
Is
that
you
know?
Do
we
write
a
check?
K
So
I
think
right
now
we
have
a
claim
form
and
that
would
my
understanding
is
we
would
the
lendo
would
submit
that
to
the
committee.
We
would
review
and
kind
of
along
with
supporting
documents.
You
know,
I'm
not
sure
what
that
looks
like
yet.
Like
tim
said,
this
is
the
first
time
we're
kind
of
facing
this.
So
I
think
it's
going
we're
gonna
try
to
figure
it
out
as
we
go.
But
yes,
there
is
a
claim
form
and
maui.
K
I'm
not
sure
if
you
have
that,
but
I
can.
I
can
share
it
or
I'm
sure
I'm
sure
tim
has
it
in
rachel
as
well,
but
it's
we
would
essentially
complete
that
form
and
then
present
it
to
the
committee.
You
know
there
will
be,
of
course,
there's
sensitive
information
that
we
have
to.
We
can't
just
disclose,
so
we
have
to
have
kind
of
be
careful
with
that,
but
yeah
I
can.
We
can
definitely
share
that
with
the
committee
so
for
review.
H
K
J
C
I
just
wanted
to
remind
us
of
a
couple
of
things.
One
is
that
we
won't
be
receiving
a
claim
for
a
hundred
percent
of
those
loan
balances
that
kelly
shared
earlier,
which
total
roughly
sixty
five
thousand.
It's
it's
actually,
a
percent
of
that
that
can
be
claimed
and
so
we'll.
C
I
guess,
to
see
that
claim
coming
to
us
in
the
following
months
and
I'll
make
a
note
to
carry
this
forward
to
our
next
agenda
to
hear
the
status
update
on
it.
But
the
other
thing
on
my
mind
here
is
the
juxtaposition
of
testing
this
claim
process
for
the
first
time,
while
we're
actually
updating
our
documents,
so
I
would
love
to
hear
from
yaselene
and
kelly
if
going
through,
that
claim
process,
you
identify
any
kind
of
pain
points
that
we
could
consider
updating
as
we
do.
C
Our
document
updates
these
documents,
the
services
and
duties
agreement,
particularly,
but
also
the
operating
committee
document,
don't
get
updated
very
often,
so
this
is
a
chance
as
we
test
our
theoretical
claim
process
for
the
first
time
to
hear
updates
from
you.
C
If
what
we
thought
would
work
well,
in
fact,
turns
out
to
be
so
in
practice.
E
The
the
only
thing
that
I
see
so
far
I
mean
it
goes
back
down
to
the
collateral
is,
I
think
there
needs
to
be
some
kind
of
clarity
on
at
what
point
do
we
determine
that
we
spend
enough?
You
know,
I
think,
obviously,
you
need
to
hold
mountain
bizarres
accountable
to
where
we
need
to
provide
everyone
really
clear.
Detailed
notes
of
here
are
the
actions
the
times
that
we've
tried
to
get
it.
E
We
went
through
an
attorney
or
whatever,
but
I
do
think
there
needs
to
be
some
kind
of
ground
rules
of
when
you
get
to
a
certain
percentage
or
a
certain
point
that
the
cost
to
try
to
you
know
recover
something.
It's
not
going
to
be
worth,
keep
keep
spending,
because
the
way
I
understand
the
rules
are
written
is
that
we
have
to
liquidate
it
before
we
can
actually
file
the
claim
and
that's
why
we've
not
followed
the
claim
as
we're
doing
everything
we
can
to
try
to
liquidate
it.
B
Thank
you
kelly,
I
see
tim's
hand
up
and
then
I
just
wanted
to
do
a
quick
time
check
too
that,
since
we
have
a
couple
of
long
requests
on
the
books,
we
probably
want
to
move
on
to
our
next
items
soon,
but
I'll,
let
tim
you
chime
in
you
can
be
our
last
comment
on
this
topic.
D
I
appreciate
it.
I
saw
dee
posted
something
in
the
chat
that
we
can
maybe
talk
about
later,
but
to
kelly's
point
like
I
think
we
should
we
need.
The
committee
needs
to
see
kind
of,
like
that
cost-benefit
analysis,
and
so
and
hopefully
that's
in
the
claim
form,
and
then
you
know
we
can
figure
out
the
way
to
go
from
there.
D
D
That
said,
I
think
this
is
also
an
opportunity,
and
this
has
nothing
to
do
with
my
faith
in
mountain
biz
works,
but
we
have
two
c
two
other
cdfi's
on
this
committee-
self-help
carolina
small
business
and
would
love
to
have
them
involved
and
kind
of
like
more
directly
involved
in
this
review
process,
just
to
get
their
thoughts,
not
not
because
we
don't
trust
bizworks,
but
you
know
they're
in
the
work.
They
probably
have
similar
defaults
that
they
go
through
and
I
think
for
us
it'd
be
good
to
hear
you
know
their
view.
D
You
know
what
would
how
might
they
handle
this
situation?
You
know
would
they
have
already
thrown
in
the
towel
more
or
less
on
this
particular
loan
like.
I
think
that
would
be
really
informative
for
me,
at
least
so
it
would
request
from
tara
and
the
carolina
small
business
folks
if
we
could
get
kind
of
some
review
either
in
between
our
next
meeting
or
at
the
next
media.
I
just
I
want
to
hear
some
expertise
on
the
loan
side.
B
And
tim,
when
you
say
review,
do
you
mean
not
not
the
claim
form
itself
you're
you're
talking
about
just
kind
of
the
general
the
scenario
that
kelly
just
presented
to
us.
D
B
Yeah
that
that
makes
sense
yeah,
I
think,
maybe,
if
we
rachel,
we
can
put
it
in
our
notes
to
revisit
that
idea.
Next
meeting,
since
we
are
running
short
on
time.
C
B
And
I
personally,
I
do
like
the
sort
of
crowd
sourced
like
input
sort
of
approach
as
well,
but
I
do
sort
of
sense
that
there
are
nuances
with
the
different
cdfi's
and
especially
you
know,
with
the
catalyst
program.
So
I
definitely
want
to
be.
You
know
sensitive
that
it's
not
like
this
cookie
cutter.
B
You
know
underwriting
sort
of
approaching
scenario
there,
so
there's
some
nuances
to
balance
through
there,
and
I
do
think,
though,
overarching
that,
because
this
is
our
first
potential
charge
off-
and
you
know
this
is
the
first
time
having
to
pay
out
from
the
fund.
You
know
it's
it's
a
good
time
for
us
all
to
kind
of
dial
in
and
really
pay
attention,
because
we
don't
want
to
just
focus
on
what
works
and
the
successes.
B
You
know
for
the
longevity
and
sustainability
of
our
program.
We
want
to
really
dial
in
on
what
doesn't
work
and
where
the
hiccups
are,
and
so
I
think
this
next
you
know
meeting
or
two
when
we
get
to
closing
of
that
process,
like
carl
mentioned,
I
think,
would
be
really
helpful
for
all
of
us
to
kind
of
really
tone
and
dial
in
and
just
you
know,
pay
attention
and
see
if
there
are
any
small
tweaks
that
we
can
make
going
forward
any
learnings
from
this
process.
B
So
with
that,
let's,
let's
move
along
to
our
next
agenda
items,
I
believe
we
are
done
with
old
business.
So,
let's
move
along
to
new
loans
from
participating
lenders.
K
So
I
actually
only
have
one
today:
okay
and
I
can
go
ahead
and
share
my
screen.
I
K
Can
everybody
see
that
okay
all
right,
so
this
loan
request
is
for
70
000,
of
course,
we'll
be
only
be
seeking
85
percent
of
that
which
is
a
guarantee,
and
it
is
a
sustainable
life
lifestyle
store.
This
is
a
white
female
lmi
business
is
existing,
has
start
date
was
of
eighth
2018..
K
You
can
see
the
profits
there
for
the
last
three
years.
They
are
located
in
the
city
of
asheville.
This.
The
purpose
of
the
loan
is
for
inventory,
advertising
and
then
working
capital
as
well.
We
will
have
a
ucc
which
is
a
blanket
lien
in
all
business
assets.
K
It
will
be
78
months
of
pni
payments
with
six
months
of
interest.
Only
there
are
no
bankruptcies,
any
judgments
or
any
credit
issues,
credit
scores
around
670
and
due
to
the
lower
net
income,
they
do
not
qualify
for
a
traditional
loan
bank
loan
and,
let's
see
the
job
retention,
they
will
be
retaining
two
full-time
jobs,
one
part-time
we've
provided
five,
five
plus
hours
of
technical
assistance
and
financial
projections
and,
of
course,
we'll
be
following
up
with
them
with
with
the
client
and
have
completed
field
visits
as
well.
K
The
lender
has
they've
worked
with
mountain
best
works
a
long
time.
They've
been
involved
with
our
learning
services
for
a
long
time
as
well.
I
have
taken
classes
as
well
and
yeah
open
it
up
for
questions.
F
K
Inventory
and
advertising
working
capital.
F
Okay,
what's
the
inventory
term,
and
what's
the
approximate
value
of
that
inventory
and
and
net
on
it?
What
is
the?
What
is
the
net?
I
mean
as
far
as
purchasing
inventory,
what
is
the
gross?
What's
the
gross
dollar
amount
on
that
purchase
inventory,
I
can't
see
it.
I
do
apologize.
F
K
F
The
reason
why
I'm
asking
is
I'm
trying
to
figure
out
okay,
how
much
of
this
70
000
is
involved
in
inventory
working
cap
hard
assets?
It's
not
a
lot
of
money,
they've.
F
Nothing
that's
going
to
pass!
That's
what
I
just
said.
So,
there's
no
capital
assets
purchased
with
it.
That's
what
I'm
asking
okay!
So
it's
working
capital!
It
looks
like
working
cap.
How
many
employees
are
these
two
full-time
part-time
right?
What
were
the
net
profits
on
the?
Do?
You
have
a
trend
analysis
on
the
net
profits
on
this
business,
the
last
three
years
or
how
old
is
this
business.
K
It's
it's
since
started
in
2018,
so
in
2018
they
did
121
000,
I'm
sorry
2019
121
in
year,
two
due
to
kovid
they
they
were
in
a
negative
position,
seven
thousand
and
then
in
2021
they
needed
nine
thousand.
F
I
F
Okay
from
the
1040,
the
net
losses
carry
forward.
Was
it
a
net
profit
on
the
1040
that
was
reflected
as
far
as
the
tax
return
to
you?
That's
where
it's
coming
from
yeah?
Okay,
so
that
was
a
net
profit
to
the
owner's
income
on
the
schedule
speed.
I
suspect,
okay,
all
right,
and
will
there
be
a
six
delay
in
them,
paying
anything
even
principal.
They.
F
F
Oh,
that's
a
long
time
for
for
it
to
be
a
working
capital,
a
working
cap.
I
know
y'all
have
standards
and
stuff,
but
for
me
it's
a
little
excessive
for
working
cap,
I'm
used
to
60
months-
and
I
know
it
doesn't
make
a
difference
at
this
point.
But
I
would
certainly
let
the
committee
from
an
operating
standpoint
and
trigger
points
take
a
look
at
that,
since
there
are
no
hard
assets
that
we
can
cut
up,
that
we
can
put
a
lien
on
it.
F
B
Yes,
so
thank
you
dee
for
your
questions
there
and
I
had
a
question
that
is
sort
of
related
to
that.
You
know
in
the
purpose
of
loan.
It's
inventory
advertising
working
capital
and
then
down
in
technical
assistance.
I
know
you
mentioned
that
they've
taken
some
classes
and
mountain
work,
big
business.
I
think
my
like
area
of
you
know
intrigue.
B
There
is
the
advertising
section
because,
as
as
far
as
I
the
the
little
bit,
I
know
that
the
marketing
advertising
world
is
kind
of
nebulous
and
it's
like,
especially
in
this
day
and
age,
when
there's
a
lot
of
social
ads
social
media
ads,
it's
basically,
it
could
just
kind
of
become
like
a
money
pit
like
you
can
just
kind
of
throw
money
at
it
to
like
get
facebook
clicks
and
views,
and
all
that,
but
not
like.
B
It
really
takes
a
kind
of
strong
technician
to
really
convert
those
leads
into
like
actual
sales,
and
so
my
overall
question
is:
is
there
training
or
focus
for
mount
bisworks
part
to
sort
of
help
really
get
the
roi
on
those
advertisement
dollars?
You
know
to
to
to
the
best
of
your
ability,
or
is
that
something
that
the
founder
is
already
pretty
well
versed
in,
because
it's
it's
a
very
competitive
game
out
there
with
advertising
right
now.
K
Yeah
great
question
yeah,
so
we
they
are
actually
paired
with
a
marketing
coach
to
kind
of
help
them
plan
and
put
those
dollars
to
good
use,
and
they
will.
Those
dollars
will
not
be
released
until
there's
a
play
in
place,
and
I
believe,
they're
also
working
with
an
agency
to
figure
out
a
plan,
as
you
know
again
to
make
sure
that
they,
those
dollars,
are
being
put
to
good
use
and
get
a
good
return
on
that.
K
H
I
think
you
muted
procedure
a
question
again,
I'm
sorry!
So
this
is
an
sba
loan,
so
this
is
not
coming
straight
from
the
funds
of
mountain
biz
works.
So
how
does
that
work
with
us?
So
where
are
we
third
in
line
so
there's
there's
the
bank
loan,
then
there's
mount
vis
works
and
then
our
guarantee
a
portion
of
the
mountain
bizworks
portion
or
how
does
this
break
down
from
a
risk
standpoint
for
mccf.
E
A
E
Yeah,
it's
a
universal
commercial
code.
We
do
that
on
every
loan
that
we
have
at
a
very
minimum.
We
do
a
blanket
ucc,
meaning
we
file
that
with
the
secretary
of
state
and
we
put
a
lien
on
all
of
their
business
assets,
so
that
would
cover
inventory
or
equipment
if
there
is
equipment
or
something
that
has
a
serial
number,
we
would
list
that
on
the
ucc
and
that
that's
the
way
to
place
our
lien
and
it's
it's
it's.
Basically,
whichever
is
first
position.
So
what
we
do
in
the
underwriting.
E
C
K
They're
not
and
d,
all
of
our
loans
come
all
of
our
loans.
Do
have
a
personal
guarantee
on
them.
Yes,.
D
K
Yeah,
I
mean
the
biggest
thing.
Is
you
know
here,
so
they
were
really
poised
to
grow
in
a
really
good
position
when
they
started-
and
you
know
once
they
they
had
to
shut
down
in
2020
and
then
because
they
are
a
brick
and
mortar
location.
K
Clearly
they
were
affected
and
they're,
starting
to
kind
of
pick
back
up
slowly
and
transitioning
a
little
bit
into
with
adding
a
additional
items
and
other
inventory
I'm
trying
to
not.
K
They're
doing
well
they're
doing
well,
but
you
know
as
as
you
everyone
knows,
inflation
is
getting
everyone
and
they
needed
just
a
more
capital
to
be
able
to
buy
in
bulk
and
get
a
cheaper,
just
get
a
better
price
on
those
items,
but
they're
they're
getting
better
they're
they're
doing
well
so
far
this
year.
D
This
one
it
raises
questions
for
me.
Just
because
I
mean
we
all
know
covet
was
an
issue.
I
mean
locally.
We
also
know
that
you
know
we've
had
like
increased
sales.
Taxes
like
we
haven't
really
seen
like
like
a
coveted
impact
like
people
have
been
spending
a
lot
of
money.
Tourism
is
up
locally,
and
so
I'm
just
trying
to
tease
out
a
little
bit
of
you
know
is:
is
this
really
about
covet,
or
is
this
like
the
model
peaked
in
2019
and
may
never
recover?
I'm
just
trying
to.
K
Yeah
and
that's
definitely
something
that
we
analyzed
and
so
that
the
underwriter
also
did
and,
of
course,
the
chief
credit
officer,
and
they
this
has
been
a
project.
They've
been
working
on.
K
Probably
since
the
beginning
of
the
year
and
have
this
applicant
has
been
receiving
the
technical
assistance
and
kind
of
working
on
projections
and
working
on
working
on
their
business
model
and
readjusting
where
they
needed
to
as
well
to
make
sure
that
you
know
they
they
can
become
profitable
again
and
that
you
know
they've
been
given
all
of
that
technical
assistance
and
that's
where
this
loan
will
help
them.
B
B
As
long
as
I've
been
here,
I
haven't
seen
a
whole
lot
of
you
know:
lifestyle,
sustainable
lifestyle,
businesses
come
for
funding
and
you're,
going
back
to
the
advertising
discussion
like
that.
That's
a
different
type
of
business
because
it
sounds
like
maybe
their
main
differentiator.
It's
not
necessarily
a
product
they
produce,
but
it's
more
their
branding
and
their
curation,
and
you
know
their
style
and
their
taste.
B
Possibly
you
know
reaching
the
right
clientele,
so
you
know,
I
think
I
have
some
reservations
about
funding
this
particular
type
of
business,
but
in
the
in
the
scheme
of
diversifying
our
pie
chart
of
industries
that
we
fund,
I
personally
haven't
seen
this
type
of
business
come
forward.
So
I
don't
know
if
anybody
else
has
like
historical
input
there.
So
you
know
I
I
feel
like
I'm
a
little
bit
on
the
fence
about
it,
but
I
think
I'm
willing
to
give
this
founder
a
shot
just
me
personally.
D
Yes
lean:
are
you
able
to
speak
to
kind
of
like
the
time
sensitivity
of
this?
Are
we
like?
Could
we
request
additional
information,
like,
I
think,
it'd
be
great
to
see
like
we're
here
about
like
what
the
forecast
is
and
without
giving
like?
I
don't
need
all
the
details,
I'm
just
wondering
if
we
can
get
some
more
confidence
in
this
at
our
next
meeting
or
maybe
a
special
meeting
or
if
there's
like,
are
we
up
against
like
a
deadline
with
sba
where
you
know
this
needs
to
be
approved
yesterday.
K
Yeah,
we
are
at
a
deadline
here
with
the
with
it
with
the
client.
It's
it's
yeah.
Looking
to
to
close
soon,
I'm
not
really
sure
I
mean
I
would
have
to
kind
of
go
back
and
look
at
as
I'm
not
really
sure
what
I
can
provide.
K
K
Okay,
I
mean
I
could
certainly
give
you
a
number.
I
don't
have
that
in
front
of
me
right
now,
but
I
could
certainly
provide
that.
C
Yeah,
I'm
trying
to
remember
if
we
typically
receive
a
copy
of
this
document
in
advance
of
the
meeting,
but
it
would
be
helpful
for
me
even
just
the
way
that
it's
situated
on
the
screen,
I'm
not
able
to
read.
What's
on
the
screen,
because
I'm
putting
my
attention
on
another
page
and
I
think,
having
some
time
to
digest
the
information
and
prepare
questions.
C
Like
we're
in
an
uncomfortable
position
because
of
the
urgency
combined
with
the
hesitation,
okay,.
A
F
K
I
I
don't
know
that
question.
I
have
to
go
back
and
look,
but
I
I
don't
I
mean
I
think
that's
more
of
an
underwriting
question.
So
I'm
not
sure
you
know.
F
When
you
I
mean
anytime,
you
anticipate
an
operating
committee
or
loan
underwriting
committee.
Those
kinds
of
issues
come
up.
Does
this
client
have
enough
money
to
sustain
you?
You
indicated
that
there
was
a
deadline
so
or
a
time
sensitive
issues.
So
I
guess
I'm
just
trying
to
figure
out.
Where
does
it
imitate
and
emanate
from?
Does
it
come
from
the
client
shortage
of
cash
or
cash
flow
issues?
Does
it
come
from
the
sva
window
just
trying
to
clarity
on.
A
J
F
K
Thank
you,
you
gotta,
keep
in
mind,
though
we
have
been
working
with
this
client
for
many
months
now,
prior
to
bringing
them
onto
the
committee
for
approval,
so
we
it's
not
like.
We've
been
working
with
them
for
you
know
a
month
now
they
have
like.
I
said:
we've
been
working
on
that
with
them,
probably
since
january,
trying
to
get
them
ready
to
to
come
to
the
committee,
so
we
have
been
working
with
them
for
this
many
months.
B
B
K
Yeah,
absolutely,
I
think
that
would
honestly.
I
think
that
would
be
very
helpful
for
the
committee
to
know
and
not
only
for
for
you
guys,
but
for
the
lenders
as
well.
B
Yeah,
because
it's
not
great
to
make
decisions,
you
know
at
the
last
minute
because
to
rachel's
point
where
we
we
feel
that
we
feel
that
the
need
you
know
for
friends
thing,
but
really
at
the
end
of
the
day,
we
don't
want
to
make
these
types
of
loan
approvals
based
off
of
that
time,
industry.
We
really
want
to
know
the
fundamentals
of
the
business,
which
is
what
deke
is
going
back
to
is
kind
of
the
fundamentals
of
like
do.
We
have
you
know
sufficient.
You
know
management
and
the
business
model.
B
You
know
that
tim
was
talking
about,
so
I
think
that
would
be
really
helpful.
So
with
that
being
said,
I
know
we're
coming
up
on
time
and
we
have
this
loan
before
us
today.
So
we
probably
should
take
a
vote
on
this
loan
with
all
the
mental
notes
that
we
have
from
today
on
how
we
can
kind
of
improve
the
process
in
the
future.
So
does
that
sound
like
a
good
plan
for
everyone?
If
we
take
a
vote,
you
know
on
this
long,
we'll
need
someone
to
motion.
D
So
mary
just
a
thought
and
not
an
option.
I
don't
know
if
the
group
would
be
amenable
to
it,
but
we
could
set
a
date
certain.
You
know,
maybe
this
time
next
friday
to
kind
of
regroup
on
this
particular
item
and
which
would
allow
additional
information
potentially
to
be
provided
or
we
could
just
proceed
with
the
vote.
I
think
there's
different
options
on
the
table
and
I
don't
know
what
the
group
wants
to
do
or
what
works
timing-wise.
But
I
just
don't
want
folks
to
feel
you
know
boxed
in
one
way
or
another.
D
B
That
that's
a
good
point
tim
that
I
I
did
really
think
about
that
too
of
like
how
much
logistics
would
it
require
for
us
to
reconvene
and
not
wait
until
the
next
official
mccf
meeting,
but
you
know
within
the
next
week
or
two
and
then
would
that
also
provide
jason
enough
time
to
go
to
the
lender,
to
get
or
to
the
underwriting.
You
know
department
to
get
some
of
that
data
for
us.
B
So,
just
like
a
quick
sort
of
pulse
check,
how
does
everyone
feel
about
delaying
the
the
review
and
vote
to
like
a
week
out?
Does
that
sound
a
little
bit
like
less
pressuring
and
like
we
could
we
could
stomach
that
a
little
bit
more?
I.
L
I
won't
be
available
for
a
meeting
next
friday,
but
I
but
I'm
so
so
we'll
just
have
to
ensure
we
have
a
quorum
without
my
presence.
I
guess.
B
Could
we
push
it
out
another
week
that
would
be
mid
month
and
that
would
be
not
not
taking
the
can
too
far
down
the
road,
but
it'll
give
us
a
little
bit
more
time.
Carl,
you
have
your
hand
up.
H
Yes,
thank
you.
You
know
when
I
first
started,
you
know
with
you
maui
the
the
question
that
I
had
is
you
know:
are
we
really
examining
these
loans
or
are
we
protecting
the
integrity
of
the
fund,
and
I
think
it
was
you
nikki
that
I
got
on
a
call
with.
H
It
was
very
helpful
to
understand
that
it's
not
so
much
the
loan,
it's
it's
the
caliber
of
our
fund,
and
so
from
my
perspective,
this
is
diversifying
our
fund
with
a
different
business
type
and
I'm
we
have
as
much
due
diligence
on
the
background
of
this
business
from
mountain
bizworks,
as
we
have
from
any
other
loan
that
we've
made
so
I'd
be
in
favor
of
voting
today.
L
I
think
the
only
thing
that
that
we
do
set
forth
also
is
that
a
loan
of
this
size
being
that
it's
70
000
may
require,
may
require
additional
additional
review.
I
think
there's
some
some
language
about
that.
The
committee
itself
could
be
this.
L
This
subcommittee,
that
kind
of
reviews,
things
or
maybe
ask
more
specific
questions,
but
I
do
think
it's
prudent
for
us
to
be
very
clear
about
what
our
role
is
and
what
the
what
the
role
of
the
financial
institutions
that
we
partner
with,
because
that's
that's
the
safe
space
for
me-
is
that
by
no
means
am
I
a
banking
or
lending
expert.
So
I
utterly
rely
on
the
underwriting
that
is
performed
by
our
partners
to
basically
verify
that
that
they
would
recommend
this
business
for
funding.
L
And
so-
and
I
don't
know
if
that
is
a
part
of
the
lender's
role
to
actually
make
that
recommendation.
But
I
do
believe
that
the
fact
that
it's
being
brought
forth
today
kind
of
implies
that
so
I'm
curious
just
to
see
if
anyone
else
has
any
has
any
thoughts
on
how
this
relates
to
our
governing
structure
and
that
how
that
could
kind
of
move
forward
with,
as
carl
mentioned
kind
of
moving
this
forward
towards
a
motion.
But
I'll
kind
of
hold
hold
to
allow
the
floor
to
or
that
the
board
to
comment.
B
Do
we
have
any
thoughts
to
add
on
to
nikki?
Those
are
great
points,
and
thank
you,
carl
also
for
your
comments.
I'll
just
speak
from
you
know,
sort
of
speaking
out
loud,
real
quick
here
that
I
think
that
we
we
do
feel
kind
of
the
head.
B
On
both
sides
and
again
this
is
sort
of
a
pivotal
moment
in
our
fund.
Now
that
we
are
we've
done
things
a
certain
way.
We
have
this
opportunity
to
sort
of
maybe
revamp
or
reinvent
a
little
bit
going
forward,
and
given
that
we
don't
have
a
lot
of
the
data
in
place
like
our
industry
allocation,
for
example,
we
don't
have
strong
indicators,
perhaps
against
you
know
not
including
this
loan
at
this
time
and
to
your
point
nicky-
that
we
have
that
trust
with
our
partners
that
they've
done
their
due
diligence.
B
You
know
if
we
could
probably
use
more
information,
but
to
your
point
like
we,
you
know
like
I'm,
just
thinking
like
what
questions
do
we
actually
need
answer,
and
is
this
an
opportunity
for
us
to
just
say:
hey,
we
don't
usually
have
as
much
detail
as
we
want
or
as
much
time
as
we
want
to
make
good
decisions
and
sort
of
level
that
up
for
the
next
loan
requests,
or
do
we
really
feel
like
we
need
to
kind
of
pause
on
this
specific
one
request.
F
D,
thank
you
for
the
opportunity.
F
I've
heard
a
lot
and
I
guess
we
all
have.
Let
me
just
say
that
it's
come
up
before
when
questionable
ones
came
up
before
it
looks
like.
Basically,
our
job
was
no
more
than
a
rubber
stamp
and
we
defer
it
to
the
lender.
So
if
that's
what
we
want
to
do,
then
we
need
to
be
clear
about
it
if
our
role
is
to
protect
to
to
operate,
and
I
think
the
charge
that
we
were
given
are
probably
clear
in
the
operating
documents.
F
If
you
want
to
keep
that
charge,
you
want
to
go
forward,
but
I'm
going
to
tell
you
right
now,
as
I
did
before,
with
two
other
loans
or
just
these
combined
loans,
I'm
gonna
vote
against
it.
I
have
I
hate
to
do
it,
but
with
the
information
that
I
have
today,
I
can't
in
good
conscience
vote
for
it.
So
that's
all
I
have
to
say
I
do
apologize
for
that,
but
I
can't
do
it.
Thank
you.
B
One
proposal,
thank
you,
dee
one
proposal
again,
since
we
are
coming
up
on
time.
Two
is
maybe
we
could
do.
B
We
could
do
a
vote
on
the
loan
and
see
what
the
outcome
is
with
the
possibility
that
if
the
loan
request
is
not
approved,
that
we
could
circle
back
up,
you
know
like
we
discussed
and
try
and
see
if
with
additional
information,
if
if
we
feel
a
little
bit
more
comfortable
approving
that
loan
and
kind
of
take
that
that
route,
because
we
could
talk
and
converse-
and
you
know-
debate
for
for
a
while
here,
but
since
that
we
don't
have-
we
have
a
limited
amount
of
time.
L
Yes,
can
we
just
be
very
clear,
with
jason
on
the
list
of
questions
that
we
have
and
then
I
think
if
we
could
perhaps
look
at
a
special
called
meeting
in
in
two
weeks.
I
think
that
could
be
prudent
or
if
yes,
lane
two,
if
there's
if
we,
if
we
can
find
out
from,
if
they're
able
to
wait
next
month
too,
but
if
we
can
just
kind
of
pepper
make
sure
we've
got
that
list
of
questions.
L
I
heard
a
six
month
what
the
profits
were
for
the
last
six
months
was
a
request
by
carl
I
I
would.
I
would
like
to
hear
any
any
other
comments
on
projections
for
for
the
for
the
remainder
of
the
year.
L
How
I
mean
that
first
year
is
super
strong,
so
just
curious,
if,
if
the
projections
are
are
available
in
terms
of
of
what's
what's
potential
for
the
business,
so
those
two
questions,
I
think
du
had
some
good
questions
about
just
capital
on
hand,
working
capital
or
maybe
even
the
distribution
of
the
loan
intention,
whether
if
there's
a
percentage
of
this
is
going
to
be
exxon
inventory
this
on
advertising.
L
B
Why
don't
we?
What
I
would
like
to
propose
is
that,
in
conjunction
with
rachel's,
there
are
notes
if
we
can,
if
I
can
send
a
follow-up
email
with
a
doodle
pool,
and
you
know
a
opportunity
for
people
to
kind
of
send
in
their
questions
to
that
email.
B
If
we
can
do
that
in
the
next
few
days,
so
that
by
early
next
week,
yes
link
can
at
least
have
you
know
the
questions
that
we
have
to
go
back
to
the
underwriting
department,
and
we
can
also
in
that
doodle
solidify
a
meeting
time.
It
sounds
like
the
week
after
next
might
be
the
best
initially.
B
Does
that
sound
good
all
right,
perfect?
Thank
you.
Everyone
for
that
robust
discussion,
so
I
see
on
our
agenda
that
we
have
this
next
month.
Reminder
that
I
didn't
change
the
month.
I
I
apologize
I
meant
to,
but
given
that
karen's
not
here
today,
we
will
definitely
have
a
loop
back
to
the
operating
rules
and
procedure
documents.
B
B
Okay,
thank
you
for
that
all
right.
Well,
we
got
through
our
agenda
everybody.
So
with
that,
I
will
accept
a
motion
to
during
the
meeting
gone
a
little
bit
past
our
time
motion.