Chapter 11 - GRANT’S COMPANY
Grant’s restaurants were not fake businesses.
They employed eighty-three people.
Two locations made money.
The third was bleeding cash.
The catering arm had debt.
His biggest problem:
A $1.2 million construction loan coming due.
He needed refinancing.
Banks wanted more collateral.
Lisa’s branch was nearly exhausted.
Charles had already invested.
So Grant looked sideways.
My branch.
Why not sell something?
Because he believed recovery was six months away.
Every overextended business owner believes six months contains magic.
The $680,000 family credit line bridged debt.
If the restaurant recovered, he could repay.
No one hurt.
That was his story.
Then Owen’s seventh birthday threatened an audit.
If Westbridge separated Owen’s allocation, cross-branch exposure would be reviewed.
Possible freeze.
Possible demand for replacement collateral.
Grant’s lender would notice.
The refinancing might collapse.
So they needed one more document.
A ratification.
May you like
My signature.
Again.
