We are in the process of getting life insurance to satisfy the requirements from the Small Business Association (SBA) for financing. Saturday a nice lady named Jen will be coming to our house to take blood and urine samples. Should be a fun time 😛
Community bank has approved us for financing conditional on the SBA approval and they have to wait to approve until we have life insurance listing the bank as the beneficiary (if we die and still owe them money). Kinda sad but at least we trust the guy we are getting it from (thanks John). And as the loan gets paid off the beneficiary will be each other.