Too Good to Be True: Year 1 in a $700k SDE Business

And. And so you said it was about 83. So $165,000 out of pocket.

For you. And, and the SBA loan ended up being 90%. Did I get that right?

The SBA loan. Oh, sorry. He's carrying another $83,000, which I completely forgot about until three or four weeks ago when we had an issue. But that's another story that starts in 2027. I have to pay him for three years. It's amortized over three years starting in 2027, January.

So that sounds like a 5% seller note that was on standby for.

I guess so. I guess that was the original 5%. That's. It's terrible that I don't know this, but I'm at the point where it's like, that's over. You know, I see the contract.

I see I owe him $83,000. I'm going to do that. That. The why is whatever.

That's how I feel. But I think you're right. It's the, it's the regional. The seller carry note.

Yes. So, okay.

There was also receivables and working capital that came with.

I recall. Yeah. Yes. Receivables and working capital. So they pushed me to buy the receivables. They said it's going to be a clean break because, you know, you have, you have the.

You can buy the receivables or you cannot and just get more working capital from the bank. Same amount of money. The. The bank, but mostly the broker pushed me to buy the receivables.