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cover of episode Pathetic Loser Borrows $450,000 To Date College Girls | Financial Audit

Pathetic Loser Borrows $450,000 To Date College Girls | Financial Audit

2024/9/18
logo of podcast Financial Audit

Financial Audit

Chapters

Jose, a roofing company general manager, discusses his significant business debt. He explains the challenges of running a construction franchise, including unprofitable projects, insurance fraud issues, high operating expenses, and a challenging franchise agreement. He also describes his personal financial struggles, including the loss of his second home and car.
  • Jose incurred $232,351 in business debt through a construction franchise.
  • He also has a separate $149,955 SBA loan.
  • The franchise agreement required high upfront costs and a percentage of gross revenue.
  • Jose's business partner invested $70,000 but holds no legal responsibility for the debt.
  • Jose sold his second home and car to try and fund the failing business.

Shownotes Transcript

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