Why did cohen take a merchant cash advance for $25k and actually pay back $35k? Why is he getting sued? Because some scammer bought his loan and tried to claim he didn’t pay the loan back when bank statements and emails show that he did…. Is Cohen concerned about the lawsuit? No he doesn’t owe the lender anything - and regardless it’s not a lot of money / exposure on a business completely unrelated to any of his other privately owned oil & gas companies or any of the public companies he’s actively invested in… why did Cohen take the loan - Because he needed to make payroll that week for that particular business, and his customer payments got pushed back to the following week - Cohen couldn’t not pay his employees that week. Have you ever owned a business before?
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