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05-19-2015, 10:48 AM #1
Reputation points: 759
- Join Date
- Apr 2015
- Posts
- 297
$13MM/year psychologist needs $1MM
I have a client who does over $12MM a year and is looking for $1.2MM. He has had $2M in tax leans and has paid them down to $350k. They took out a BofA line of credit for $1M and have a balance of approx. $650k. The BofA is holding 1st position on their $1M in accounts receivables and the owners $2M house. They want $1.2 to pay off the BofA and the remaining tax leans with an additional $200k for working capital.
If you think you can handle something like this drop me a line.
**Direct lenders only
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