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On July 15, 2022, PPI took out a special short-term note to finance the purchase of additional inventory needed for a large contract with a
On July 15, 2022, PPI took out a special short-term note to finance the purchase of additional inventory needed for a large contract with a new client. The new, non-interest-bearing loan was for $800,000 and must be repaid within 6 months of issuance. After the loan paperwork was signed, the bank transferred $736,000 to PPI and the company was able to start purchasing the needed inventory.
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