working capital

Proceeds are required to be used for working capital which includes:

– Inventory, marketing, payroll, refitting a workspace for new social distancing guidelines, operating and emergency maintenance;
– Current property taxes, utilities, rent, supplies;​
– Regularly scheduled interest and principal payments on mortgages, loans, and other existing business debt;
– Existing debt that is due within 90 days​;
– Credit cards that were used to pay monthly operating expenses and that the business historically was able to pay off each month.

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