Tactical Firearms is appealing to the public for help fighting what it claims is a politically motivated problem with its bank.
The Katy, Texas, gun store has made a national name for itself by posting snarky political signs – mostly opposing liberal gun-grabbers and Obama – on its outdoor marquee.
BizPac Review has reported on several of the good-humored signs in the past, but it seems there’s not a lot to laugh about these days, according to the company’s web site and newsletter. The lengthy plea claims that the bank has called in on a loan that could put the store out of business. Here is some of the explanation from the site:
Tactical Firearms has prided itself in being honest with our customers from our first day in business. That’s why we are alerting you today to a situation that we believe to be unjust and punitive against Tactical Firearms, and this is a situation that threatens to put us out of business on July 1, 2014.
Tactical Firearms has just been given notice that our loan with Icon bank has been called in. Not because of no payment, as we have never been late or missed a payment, but because the board of directors has chosen to not renew the loan. Deciding to call a loan which has a perfect payment record and is profitable to the bank is almost unheard of in the banking industry. This is why we believe Tactical Firearms is being specifically targeted with punitive actions in an effort to put us out of business.
. . . At the same time, the bank’s excuse to us for calling in the loan is because the “government does not support loans to the gun, alcohol, or hotel industries” and the banks get heavily audited. This is an extension of the Obama administration’s backdoor efforts to bankrupt the firearms industry and all its supporting retailers and firing ranges. Since the government can’t take away our Second Amendment directly, they make it difficult for businesses to stay open by pressuring banks to close loans. This has already happened to other gun shops around the country. We are fighting to make sure it doesn’t happen to us.
You can read all of the plea here.
You can hear the owner on a recent radio show via You Tube:
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