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03-09-2016, 03:55 PM #1
- Join Date
- Feb 2014
- Location
- Florida
- Posts
- 266
14 month old restaurant near Chicago
(Direct Lender Only Please)
They currently owe $12K, which is being paid via lockbox @ 12% split.
Monthly revenue averages $70K, 95% is through CC's. Bank shows 14 negative days in Feb and 12 in each of the prior months.
Please review for lockbox split.. highest offer possible.
They do have a tax lien of $50K.. the IRS will allow a payment plan, but require $10K down. For now they have been sending IRS random payments, as evidenced in the bank statement.
Owner's credit is okay at 620.. past due on some credit cards.
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