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08-04-2015, 11:40 AM #1
- Join Date
- Aug 2015
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- 5
Large full service Florist needing a consolidation.
Merchant does about $900,000 annually. Has a first position balance of 109k, a 2nd position of 32k and a 3rd position of 27k. Currently paying $1241 daily. Had a bank loan approval for $400k but waiting till late October or early November. Owners FICO is 630+. Looking to net 20-25k and payback over 1 year or slightly longer. Would probably renew next June. At 1.38 payment would be around 1000/daily.
Thanks, Tim 937-479-4046
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