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record the transaction On November 1, 2021, P 3 obtained short term financing from Last National Bank in the amount of $3,000,000 for an unexpected
record the transaction
On November 1, 2021, P3 obtained short term financing from Last National Bank in the amount of $3,000,000 for an unexpected project opportunity opening a fun house inside an abandoned mall. The note is a 120 day note with an interest rate of 12% at a time when the banks prime rate was 175%. Interest and principle will both be paid at the maturity date.
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