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Swiss banks refusing to lend to resorts below 1500 metres...allegedly
 Poster: A snowHead
Poster: A snowHead

http://www.guardian.co.uk/austria/article/0,,1971595,00.html

I would have thought many of those resorts would have popular Summertime business anyway.
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 Obviously A snowHead isn't a real person
Obviously A snowHead isn't a real person

Let's be honest. Would you like the bank that keeps your savings to lend money out to pop up the resorts below 1500metres?

If those resort are financially solvent, say with popular Summertime business as you usggested, would they need to apply loans from the bank?
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 Well, the person's real but it's just a made up name, see?
Well, the person's real but it's just a made up name, see?

No Bank lending is not new. This is beeing discussed

http://snowheads.com/ski-forum/viewtopic.php?t=21676
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 You need to Login to know who's really who.
You need to Login to know who's really who.

saikee wrote:
If those resort are financially solvent, say with popular Summertime business as you usggested, would they need to apply loans from the bank?

Why not? It's normal for solvent businesses to borrow money for investment purposes.
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 Anyway, snowHeads is much more fun if you do.
Anyway, snowHeads is much more fun if you do.

laundryman,

True. Possibly the refusal is due to a high gearing.
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