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11-05-2015, 03:52 PM #1
Reputation points: 68233
- Join Date
- Dec 2014
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Bob's right: without knowing specifics and if there are UCC 1's on the assets- meaning they aren't his to leverage- there isn't much anyone can say about how to proceed with an LOC until the details are disclosed... Credit Facilities for less than 1M exist- but since Underwriting them is just as hard (if not harder) than lines above 1M, there are a handful of firms that specialize in them
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