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<blockquote data-quote="Box Ox" data-source="post: 5687591" data-attributes="member: 48469">I think Travis&#039;s confidential sources might have meant over $700,000 in debt. Not over $7,000,000.Kemp&#039;s stated net worth in his financial disclosure at the time this article was published was $5.2 million.<a href="https://www.salon.com/2018/10/25/georgia-gop-candidate-brian-kemp-defaulted-on-500k-loan-owes-big-debt-to-bank-he-helped-start/" target="_blank">Georgia GOP candidate Brian Kemp defaulted on $500K loan, owes big debt to bank he helped start | Salon.com</a><h3>OCTOBER 25, 2018</h3>&quot;According to the report, the first loan was for a company called Shelter Rock, what is co-owned by Kemp. The loan for $1.3 million was extended in 2007 and was to be repaid one year later. According to Kemp&#039;s financial disclosure filed last year, he still owed the bank $675,938 a decade later.A second loan was given to Specialty Stone, another company co-owned by Kemp. The deed to secure the debt said the maximum loan amount was “unlimited.”“That&#039;s not very typical,” Ganduri explained.The company borrowed more than $200,000 in 2009 that was to be repaid by 2012. According to Kemp&#039;s 2017 disclosure, the company still owes the bank $97,724.&quot;</blockquote>

[QUOTE="Box Ox, post: 5687591, member: 48469"] I think Travis's confidential sources might have meant over $700,000 in debt. Not over $7,000,000. Kemp's stated net worth in his financial disclosure at the time this article was published was $5.2 million. [URL='https://www.salon.com/2018/10/25/georgia-gop-candidate-brian-kemp-defaulted-on-500k-loan-owes-big-debt-to-bank-he-helped-start/']Georgia GOP candidate Brian Kemp defaulted on $500K loan, owes big debt to bank he helped start | Salon.com[/URL] [HEADING=2][SIZE=4]OCTOBER 25, 2018[/SIZE][/HEADING] "According to the report, the first loan was for a company called Shelter Rock, what is co-owned by Kemp. The loan for $1.3 million was extended in 2007 and was to be repaid one year later. According to Kemp's financial disclosure filed last year, he still owed the bank [B]$675,938[/B] a decade later. A second loan was given to Specialty Stone, another company co-owned by Kemp. The deed to secure the debt said the maximum loan amount was “unlimited.” “That's not very typical,” Ganduri explained. The company borrowed more than $200,000 in 2009 that was to be repaid by 2012. According to Kemp's 2017 disclosure, the company still owes the bank [B]$97,724[/B]." [/QUOTE]

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