Morales: Luxology ran out of cash after bank denied $82K loan request
Hector Morales · #76 Pitchline Bonanza · Mar 3, 2025 · at 32:07
Hector Morales, founder of custom furniture startup Luxology and past winner of the show's People's Choice vote, explains why his startup was forced to shut down.
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“So we had, ah, you know, a 900,000 dollar loan, so that, that loan was funding it, but then it ran dry. I had requested 82,000 as part of the funding agreement, and they denied it.”
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