He tells the Loan officer he is going to London on business for two weeks & needed to borrow $5,000 & that he was not a depositer at the bank.
The bank officer told him that the bank would need some form of security for the loan, so the Louisiana man handed over the keys to a new Ferrari.
The car was parked on the street in front of the bank. The man produced the title & everything checked out. The loan officer agreed to hold the car as collateral for the loan& apologized for having to charge 12% APR interest.
Later, the bank's president & its officers all enjoyed a good laugh at the Cajun from the South for using a $250,000 Ferrari as collateral for a $5,000 loan.
An employee of the bank drove the Ferrari into the bank's underground garage & parked it.
Two weeks later, The Cajun man returned, repaid the $5,000 & the interest of $23.07.
The loan officer said, "Sir we are very happy to have had your business, & this transaction has worked out very nicely, but we are a little puzzled. While you were away, we checked you out & found that you are a multimillionaire. What puzzles us is, why would you bother to borrow $5,000?"
The Cajun replied, "Where in New York City can I park my car for 2 weeks for only $23.07 and expect it to be there when I return?"
Don't ever underestimate a CAJUN!