I ran into an old friend of mine who has been crushing it as a dentist recently.
He mentioned to me that he's looking to acquire multiple underperforming practices, but he first needs to raise ~$160K so that he can qualify for a $2M business loan.
Theoretically, could he get approved for a $160K credit card limit, convert to cash, then use the $160K cash as leverage for the $2M business loan?
Are there other solutions that might work better for him?