Monday, July 16, 2007 1:30:49 AM
For those of you worried about whether Wisebuys makes money. The federal loans had a repayment date of 2005, and since they were privately held I figure they repaid them out of profit. Not bad if you can open two locations for $251,000 in startup/remodeling costs, stock it on vendor 30 day net, and pay off the loan in 2 years. Not trying to violate TOU by spamming, but I thought this might get lost in my last post and it is definitely worth investigation.
I'm guessing these were startup costs for two stores they converted from Ames. Anyone have any further thoughts or ideas about it.
http://www.fedspending.org/faads/faads.php?&recip_cat_type=f&fiscal_year=2003&recip_id=9...
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