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03-17-2015, 12:33 PM #1
Reputation points: 52
- Join Date
- Jun 2014
- Posts
- 84
Term Loan sought but 550 credit score (on upswing)
Merchant has 2 businesses for a total of $450K sales per year. Merchant indicates that sales are up 10% so far this year. He seeks a 'term loan'. He has a window of 2 to 6 weeks to get the deal done as he is waiting to pay off his current merchant advance. Any takers of this as I know that the 550 score is a hurdle?
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