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09-16-2018, 09:40 AM #1
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Morning CashadvanceKing,
Being that the client has earnings and a strong guarantor (700 FICO), the remaining issues will be time in business and earnings. Can they afford a payment? If they are showing losses (also considering shareholders salary), they may not be eligible for a loan.
Collateral is not needed for the amount you are requesting, however Debt Service Coverage is.
RG
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