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Colorado's great! Wish you were here.
Jan. 5th, 2001 06:27 amToday I start my third day in my role as small business owner. The past two days have been pretty hectic, and my brain gets to about the medium-well-done stage by quitting time, but I am getting ahead of myself.
The previous post brought us to Tuesday, January 2, so I'll pick it up there.
Once the truck had been cleared from the driveway, there was only time enough to drag the refrigerator up into the house before I had to go submit myself to all of the formalities associated with bank loans and title closings.
Unlike most other closings I've attended in my life, here I was, on The Day, without the slightest knowledge of how much money to "bring to the table," as they say. Furthermore, by the time this item nicked my consciousness the previous Friday, it was too late to call around and then fly down to the bank. We were going to have to depend on getting the money to where it was going via wire transfer.
I come to find out that I'll need something less than $3,000 to close the deal. I call Galina in Houston and tell her the gruesome details associated with the bank transfer (the ABA number of the receiving bank, our account number, and a couple of other items). I call ahead to our bank in Houston to pave the way for her arrival (i.e., I want to fax them the sheet of paper I had received from the Colorado bank).
Alas! Bank transfers must be received by 11:00 am Central Time to be processed the same day, and it's past that time. Don't you just love bureaucracy?
Recalling that Western Union had an office in Pagosa, I hit the phone book and in short order had found the location near our Webster home where Galina could go and wire me money that way. When the money arrived, the folks at the receiving end could only find the checks that were good for up to $1,000, and it seemed that circumstance were aligning themselves to block a Tuesday closing, but after a couple of minutes, the folks at the supermarket-cum-Western-Union-office figured out how to print me three checks, and I was on my way.
First was a trip to the bank downtown to close the loan. No really big sweat, except for the fact that I'm promising to pay back all that dough, and that's an awfully large number on the bottom line (it doesn't take too many zeros to impress me). Still, Galina and I would not be doing this if we didn't think we could pay this sum off and then some, so it wasn't that nerve-wracking.
Next, it was off to the title company to close the actual deal. Unlike Texas residential real-estate closings, where one can easily develop Repetitive Stress Disorder signing a suitably impressive array of representations, certifications, and other arcana, there were only a half dozen papers to sign, and the deal was done.
It was there at the closing table that I first laid eyes on the folks selling us the business, and who will be working with us (as part of our deal) for fifteen days to bring us up to speed in the workings of the business. They're a really nice couple, and I've learned a lot in the past couple of days.
Enough noodling around with this post. It's time to start getting ready for the day.
Cheers...
The previous post brought us to Tuesday, January 2, so I'll pick it up there.
Once the truck had been cleared from the driveway, there was only time enough to drag the refrigerator up into the house before I had to go submit myself to all of the formalities associated with bank loans and title closings.
Unlike most other closings I've attended in my life, here I was, on The Day, without the slightest knowledge of how much money to "bring to the table," as they say. Furthermore, by the time this item nicked my consciousness the previous Friday, it was too late to call around and then fly down to the bank. We were going to have to depend on getting the money to where it was going via wire transfer.
I come to find out that I'll need something less than $3,000 to close the deal. I call Galina in Houston and tell her the gruesome details associated with the bank transfer (the ABA number of the receiving bank, our account number, and a couple of other items). I call ahead to our bank in Houston to pave the way for her arrival (i.e., I want to fax them the sheet of paper I had received from the Colorado bank).
Alas! Bank transfers must be received by 11:00 am Central Time to be processed the same day, and it's past that time. Don't you just love bureaucracy?
Recalling that Western Union had an office in Pagosa, I hit the phone book and in short order had found the location near our Webster home where Galina could go and wire me money that way. When the money arrived, the folks at the receiving end could only find the checks that were good for up to $1,000, and it seemed that circumstance were aligning themselves to block a Tuesday closing, but after a couple of minutes, the folks at the supermarket-cum-Western-Union-office figured out how to print me three checks, and I was on my way.
First was a trip to the bank downtown to close the loan. No really big sweat, except for the fact that I'm promising to pay back all that dough, and that's an awfully large number on the bottom line (it doesn't take too many zeros to impress me). Still, Galina and I would not be doing this if we didn't think we could pay this sum off and then some, so it wasn't that nerve-wracking.
Next, it was off to the title company to close the actual deal. Unlike Texas residential real-estate closings, where one can easily develop Repetitive Stress Disorder signing a suitably impressive array of representations, certifications, and other arcana, there were only a half dozen papers to sign, and the deal was done.
It was there at the closing table that I first laid eyes on the folks selling us the business, and who will be working with us (as part of our deal) for fifteen days to bring us up to speed in the workings of the business. They're a really nice couple, and I've learned a lot in the past couple of days.
Enough noodling around with this post. It's time to start getting ready for the day.
Cheers...
