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Yes, but you are still talking about a loan. That 1M in write offs are guaranteed to come over a five year period.
by ec109685 1y ago
Yes, but you are still talking about a loan. That 1M in write offs are guaranteed to come over a five year period.
- TheTaytay 1y agoFrom the horror stories I read from other founders, the bank wouldn’t loan on those numbers. When we asked our accountants what they were seeing from other companies, the answer was “mortgage their house.” That assumes they had enough equity to mortgage.