Travis, > Yes... and to go a step further, if the business doesn't qualify for a > bank loan (or leasing, or whatever) then they probably shouldn't be in > business in the first place.
So you are telling me that I have no right to be in business? The first 9 years I couldn't qualify for loans. I have been in the Wireless business for 10 years now and doing really well for myself from my perspective, and helping many people. I didn't need a Bank's endorsement to accomplish that, and I did just fine for my customers without them. A false assumption, that Banks are capable of determining who is or isn't a viable business. I'll admit Banks are good at determining whether a company falls within a broad pre-defined profile, and RISK can be estimated by looking at the average tracked for that profile type. But profiling is still a very innacurate way to measure the merits of an individual business, as many businesses dont fit into a profile and should not be measured the same way. This country's method of evaluating credit worthiness is the biggest sham, that I have ever witnessed. > If you can't show a profit and make a > business work, getting a loan isn't going to fix that problem. That I agree with. Tom DeReggi RapidDSL & Wireless, Inc IntAirNet- Fixed Wireless Broadband ----- Original Message ----- From: "Travis Johnson" <[email protected]> To: "WISPA General List" <[email protected]> Sent: Thursday, January 07, 2010 11:31 PM Subject: Re: [WISPA] StarOS Operator gets Stimulus Funding > Yes... and to go a step further, if the business doesn't qualify for a > bank loan (or leasing, or whatever) then they probably shouldn't be in > business in the first place. If you can't show a profit and make a > business work, getting a loan isn't going to fix that problem. > > Travis > Microserv > > > Brad Belton wrote: >> That's part of the problem I have with these government handout programs. >> If you can't qualify for a loan through conventional means then why >> should >> the taxpayer be put on the hook? >> >> Brad >> >> -----Original Message----- >> From: [email protected] [mailto:[email protected]] On >> Behalf Of Tom DeReggi >> Sent: Thursday, January 07, 2010 9:47 PM >> To: WISPA General List >> Subject: Re: [WISPA] StarOS Operator gets Stimulus Funding >> >> Travis, >> >> But, you and I are grading different topics.. >> >> I agree with your point, its questionable whether it was worth accepting >> the >> >> money on those terms. >> My point was that NTIA/RUS was not discriminating against small providers >> and giving them equal opportunity to consider that decission. Thats a >> good >> thing. >> >> I personally would rather get a private loan without the strings, If I >> can. >> But thats the whole point of the program isn't it?. If you can get a >> loan, >> you have no business applying for the BTOP/BIP program, because part of >> the >> requirement is you have to show NEED. IF a bank will lend for the >> project, >> for what ever reason, you really dont have "NEED" do you? Those that >> truly >> have need, may not qualify for private lending for the project, and may >> be >> more willing to make compromises to get the money. >> >> With that said, I have no knowledge of what Aloha's financial position or >> justification was. >> >> Tom DeReggi >> RapidDSL & Wireless, Inc >> IntAirNet- Fixed Wireless Broadband >> >> >> ----- Original Message ----- >> From: "Travis Johnson" <[email protected]> >> To: "WISPA General List" <[email protected]> >> Sent: Thursday, January 07, 2010 3:00 PM >> Subject: Re: [WISPA] StarOS Operator gets Stimulus Funding >> >> >> >>> I guess we'll wait and see if they think it was worth it 2-3 years from >>> now. If not a leasing company, any bank would have probably loaned >>> $106,000 toward this company if they put EVERYTHING on the line like >>> they did for this loan. Yes, they get a better interest rate, but so >>> what? If 3% vs. 6% is a deal breaker, you should probably be finding >>> another business to be in. >>> >>> Travis >>> Microserv >>> >>> >>> Tom DeReggi wrote: >>> >>>> I disagree. Maybe I am not impressed with the award benefit, but I am >>>> very >>>> impressed with the borrower and the Lendor. >>>> What that transaction tells us is.... >>>> >>>> 1- Prior to First NOFA release many experts predicted awards smaller >>>> than >>>> >> >> >>>> 5 >>>> mil would not likely be considered. >>>> A: Not True. >>>> >>>> 2- Small providers dont have a chance to win an award in a big palyers >>>> game. >>>> A: Not True >>>> >>>> 3- Awards would be wasteful spending and hand outs to those that dont >>>> need >>>> it. >>>> A: Not True >>>> >>>> 4- We aren't asking for unjust hand-outs, All we really need is a >>>> little >>>> help!!! >>>> A: A small WISP got some help. >>>> >>>> I'm VERY impressed that NTIA/RUS extended thier valuable time to >>>> consider >>>> worthy small applications. >>>> >>>> The other thing is not all affordable equipment is possible to easilly >>>> finance through lease companies. >>>> For example, Getting a name brand Canopy on a 1yr-3yr lease aint hard, >>>> but >>>> its not easy finding leasing companies that will touch OEM style gear >>>> (MT, >>>> STAROS, type), or all equipment needed, and gets harder finding 5 yr >>>> and >>>> over. I can give an example of a "battery" for backup system, Who in >>>> their >>>> right mind would finance a product that dies over time and has no >>>> resale >>>> value? A RUS grant can cover ALL expenses relating to infrastructure >>>> critical for its operation. >>>> >>>> It also should be noted that because Aloha got a "loan" instead of >>>> grant >>>> he's allowed to use revenues from subscriber to go towards some >>>> operating >>>> costs to support the network also. >>>> >>>> >>>> Tom DeReggi >>>> RapidDSL & Wireless, Inc >>>> IntAirNet- Fixed Wireless Broadband >>>> >>>> >>>> ----- Original Message ----- >>>> From: "Travis Johnson" <[email protected]> >>>> To: "WISPA General List" <[email protected]> >>>> Sent: Thursday, January 07, 2010 9:35 AM >>>> Subject: Re: [WISPA] StarOS Operator gets Stimulus Funding >>>> >>>> >>>> >>>> >>>>> Hi, >>>>> >>>>> I have to say I'm not impressed... $106,000 loan could have been >>>>> gotten >>>>> with a leasing company, without all the government ties and >>>>> restrictions. >>>>> >>>>> Travis >>>>> Microserv >>>>> >>>>> >>>>> Matt Larsen - Lists wrote: >>>>> >>>>> >>>>>> Aloha Broadband, a WISP in Hawaii that runs 100% StarOS, was one of >>>>>> the >>>>>> first 18 companies to receive broadband stimulus money. Looks like >>>>>> the >>>>>> total scope of the project was also a lot more reasonable than some >>>>>> of >>>>>> the other ones. >>>>>> >>>>>> >>>>>> >> http://www.google.com/hostednews/ap/article/ALeqM5jgqG0W8KNsbeVueTYPRDKYHqy8 >> twD9CLQMJ02 >> >>>>>> Matt Larsen >>>>>> vistabeam.com >>>>>> >>>>>> >>>>>> >>>>>> >>>>>> >> ---------------------------------------------------------------------------- >> ---- >> >>>>>> WISPA Wants You! Join today! >>>>>> http://signup.wispa.org/ >>>>>> >>>>>> >> ---------------------------------------------------------------------------- >> ---- >> >>>>>> WISPA Wireless List: [email protected] >>>>>> >>>>>> Subscribe/Unsubscribe: >>>>>> http://lists.wispa.org/mailman/listinfo/wireless >>>>>> >>>>>> Archives: http://lists.wispa.org/pipermail/wireless/ >>>>>> >>>>>> >>>>>> >>>>>> >> ---------------------------------------------------------------------------- >> ---- >> >>>>> WISPA Wants You! 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