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10-09-2014, 11:16 AM #1
Reputation points: 10
- Join Date
- Oct 2014
- Posts
- 40
Can you fund this deal?
I have a client who is looking for $7M.
He needs $2M in cash and a $5M letter of credit. The letter of credit will be used to create a captive and then once the captive is formed will be released back the lender never having to come out of their pocket.
The $2M will be used to merge with an existing Payroll company generating about $70M a year. Obviously that is not all their money since it is a payroll company.
He has a very intricate and detailed plan that makes complete sense to have this loan repaid in less than 2 years.
Any takers?
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