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Updated almost 6 years ago,

User Stats

19
Posts
7
Votes
Alex Natanson
  • Hudson VAlley
7
Votes |
19
Posts

Business loan in New York

Alex Natanson
  • Hudson VAlley
Posted

Hi, I am running a flipping business in NY and found a financial gap of 80K that needs to be covered for 4 months while I'am selling one flip and building a new house from the scratch at the same time. Conventional mortgage is not an option: first i need money for 4 months, second I just sold my live-in flip and made money that are non-taxable (but the banks don't care - there is no income if it's not reported). I do have 70K limit on all my c/c, but I wish more contractors taking c/c as a payment. What other feasible options do I have? It's a first time I'am taking a loan.

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