Jones: Bank Default Notice Triggered Cross-Default on Dippin' Dots Loans
Curt Jones (Kurt Jones) · Dippin' Dots: Curt Jones · Sep 9, 2019 · at 49:19
Curt Jones, founder of Dippin' Dots, explains how a credit line default triggered a broader loan default that preceded the company's financial crisis.
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“But on the day that that three-month extension was due, we got an email that said, you're in default because you have not paid your credit line down. This puts all of your term loans in default as well.”
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