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02-04-2020, 02:14 PM #1
Reputation points: 503040
- Join Date
- Oct 2016
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Depends on what the financials show. Has he been profitable the past few years? Have to figure out what his Debt Service Coverage Ratio is on $3M. If he can’t get it well over 1.0, but also lacks collateral, the options are few. Even if over 1.0 but lacking collateral it’s tough.
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