Sunday, July 5, 2009

Another Business; Crazy Mountain is forced to shut its doors...

With all the bad news of the economy, another store is forced to shut its doors, I really hope they will be able to make a comeback in the future.

Crazy Mountain Shuts Its Doors

Courtesy of Giftware News: In early February, Crazy Mountain Imports of Imlay City, Michigan, well-known in the giftware industry, was forced to close its doors when its bank called its loan. According to sources, the bank the company had dealt with for about 10 years was purchased by another bank, and loan officers familiar with Crazy Mountain's loans and business were let go. Loan problems ensued and the bank ultimately called the Crazy Mountain loan. To cover the loan, the company's assets were turned over to the bank and Crazy Mountain shut its doors.

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