She said now they’re having things appraised. Is this a bad sign?
In: Other
Tldr for an employee? It means the company is hemorrhaging money and you should be sending out applications.
Many companies operate on debt, their credit line. Paid off regularly with revenue and then borrowed again. If that has been exhausted and financial institutions won’t lend more then those institutions have determined they’re unlikely to be able to pay back additional debt.
The assets bit means they’re trying to put a price tag on what they have for sale or as collateral for additional loans.
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