IndyMac is on the list

At Boggs Development Group, we are an ECO-Green environmentally conscious Real Estate Development Design/Build company. Wow, what a mouthful! In this challenging economic environment of Real Estate transactions with high national foreclosure rates, lower loan availability on an economically global scale, higher borrower parameters for loan acceptance, etc. we are finding we must become more strategic in our planning and company strategy in order to maintain and manage future growth.

We currently have numerous projects we are developing with which IndyMac is the controlling financial institution. All of that said, this is not a bad thing. Although, to find a recent report of "economically challenged" banks with IndyMac on that list makes us sit with pause and rethink our current positions as well as our future projects and how we feel we should approach them. I, for one, am generally not enthused to act or react with apprehension. There can be no great courage when there is no confidence or apprehension. Although, confidence doesn't come out of nowhere. It is the result of consistent work, education, planning and dedication.

It is a continual challenge to make sure a company is secure in its cash flow in economic times like these we are encountering. These are the days when we will see the fat get scraped away and the lean and mean businesses maintain their positions.