I originally worked for CalCars who owed Surge Capital a lot of money and got behind. Carbiz Inc.’s owner was friends with Surge Capital’s owners and they made a deal to purchase the Calcar dealerships. 2 years later Surge Capital was seized by the government which called CarBiz’s line of credit. Carbiz had to accept unfavorable financing terms in order to pay off the Surge Capital debt which resulted in the closing of CarBiz today. The payments on the loan were just too much. I am working on a business plan to open my own lot and make sure that I have learned from the mistakes of my 2 previous employers.