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  1. Queork on The Profit

    Queork owners Amanda Daily and Julie Araujo own an all-cork accessories business based in New Orleans, Louisiana. By offering a unique product in the French Quarter, Marcus Lemonis thinks the concept is cool but worries that ultimately no one has any reason to care.

    Why buy something made of cork when you can buy the same item using any other traditional material?

    Lemonis tells Queork to focus on YEP, the non-profit Youth Empowerment Project that trains vulnerable youth ...
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  2. Inkkas' & Marcus Lemonis' Motion to Dismiss Lawsuit By Zadar is Denied

    On Feb 26, 2018, Zadar Universal Corp sued Marcus Lemonis and Inkkas, a business he bought on his hit TV show The Profit, for failure to repay a $250,000 loan. Zadar is a British Virgin Island corporation located in Panama.

    According to the complaint, Inkkas borrowed $250,000 from Zadar on Nov 12, 2014 at 8% interest. One condition was that if Inkkas sold the business, the amount due and payable under the loan agreement would increase by 50%.

    In Jan 2016, Inkkas aired ...
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  3. The Profit TV Show Encounters 'Merchant Loans'... Again

    It's become routine. The star of CNBC's The Profit, Marcus Lemonis, once again encountered an alternative business financing company on the balance sheet of a prospective investment, this time described only as 'merchant loans.' Par-LA, a clothing store located on Santa Monica Boulevard in West Hollywood, does about $1 million a year in sales. The outstanding balance of these merchant loans at the time the show was filmed was $61,000.

    A UCC search on the business's legal name reveals ...
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  4. Swanson's Fish Market: The Profit, Problems, and The Truth?

    With so many of the businesses featured on The Profit using merchant cash advances, one has to wonder if Marcus Lemonis is specifically targeting them for the show.

    In episode 11 of Season 2, Swanson's Fish Market in Fairfield, Connecticut is on the fritz, so much so that the employees are fronting their own cash to pay the business's vendors, all while foregoing paychecks. The business is generating $150,000 a month in revenue according to the co-owner Gary Swanson. Net of all operating ...
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  5. Did Inkkas on The Profit Use a Merchant Loan?

    A Brooklyn-based shoe brand named Inkkas, recently appeared on Season 3 of The Profit. Nearing insolvency, the company's three partners Dan, Dave and Dave, welcomed Marcus Lemonis to try and fix their problems. As much as the Inkkas team was convinced they had plenty of fight left in them, the company had only $1,000 left in the bank and were faced with an astounding $500,000 in outstanding debt.

    The shoemakers had originally raised $500,000 from investors to get started, only to experience ...

    Updated 12-06-2018 at 10:12 PM by The Profit Review

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