As a family-owned chain bakery in Atlanta, they are in growth-mode and they have excellent accountants. The owners have FICOs in the 700, and they decided that it’s cheaper to pay interest on expensive loans than report gains on their taxes. Their tax returns show millions in losses, and their business is owned by a holding company. Within 2 days, MonthlyFi arranged a $200,000 Unsecured Business Line of Credit with an amortized monthly payback over 12 months.
