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You Make the Call-Situation 3

Question 65

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You Make the Call-Situation 3
Steve Peplin is the president of Talan Products, a metal stamper based in Cleveland. Peplin has a long-term relationship with his banker. But recently his firm ran into financial difficulty, and the bank is demanding that Peplin personally guarantee 100 percent of the company's loans. Peplin would prefer not to do so, but isn't sure that he has a choice.
(Source: "Hands On," Inc., Vol. 25, No. 8 (August 2003), p. 50.)
You Make the Call-Situation 3 Steve Peplin is the president of Talan Products, a metal stamper based in Cleveland. Peplin has a long-term relationship with his banker. But recently his firm ran into financial difficulty, and the bank is demanding that Peplin personally guarantee 100 percent of the company's loans. Peplin would prefer not to do so, but isn't sure that he has a choice. (Source: Hands On, Inc., Vol. 25, No. 8 (August 2003), p. 50.)

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