Royersford, PA
Quoted from JodyG:So are they soliciting funds to expand their retail locations, or to finance another pinball machine project? The 460k outstanding debt isn't a huge deal. They may be keeping that ongoing for tax reasons.
Yeah, no. 460k of debt and they only had 7mil in revenue with a 20% profit supposedly?
At prime rate that is like 2k worth of interest payments a month, which would eat away that profit.
That’s a major red flag to me. And I’ve run my own business successfully for over a decade.
