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>>To make this order happen, we had to take $45,000 in personal loans from friends and family, $65,000 in business credit card debt, $35,000 from a business loan, $60,000 in personal credit card debt, $20,000 in outstanding invoice debt, and $11,000 in loans from us personally to the business, for a total of $216,000 in debt. I don't find myself very sympathetic. Feels like there is plenty of evidence that the business owners here aren't the most diligent or detailed oriented. $45k+$65k+$35k+$60k+$20k+$11k adds up to $236k Best case this is the result of their own naivety/incompetence, worse case this is just a distasteful marketing ploy. >>Mid July, after 6 weeks of roasting 21 hours a day on the roaster in 3 shifts, working 12-16 hour days, regularly working until 11 pm to finish bagging and boxing. Despite this work schedule, had no problem releasing their weekly hour-long podcasts every week in June/July. |
> $45k+$65k+$35k+$60k+$20k+$11k adds up to $236k
$20k of that, as called out by them is invoice debt. Aka they will are owed that amount but amount, they just have yet to get it from the distributor. Leaving them with the $216k number given.
> $20,000 in outstanding invoice debt