A well-run and profitable family-owned day care fell behind on its taxes. No local bank was able to help, but just as husband and wife owners were about to give up hope, a banker who had previously declined to help gave them some good advice: he put them in touch with Radix.
While the couple was able to borrow $60,000 from a close family member, that still left them $64,000 short of saving their business. Thankfully, because the IRS had yet to put a lien against their business, the borrowers’ personal credit remained above 700. That afforded Radix a good amount of operating room.
In fact, Radix was able to help the borrowers secure $64,000 interest-free for the first 12 months, an amount that will allow them to settle what they owe the IRS as quickly as possible.
To learn more about the different financing options we offer, contact a Radix representative today