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Envirotech International

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BUSINESS
June 22, 1990 | JANE APPLEGATE
Jim Morris, chief executive of Envirotech International in Houston, had a problem. He needed a way to establish credit for customers who wanted to finance his company's water treatment systems. His first discussions with local bankers were discouraging. Envirotech had only been in business two years, and bankers traditionally require three years of financial statements before considering a business-loan application.
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BUSINESS
June 22, 1990 | JANE APPLEGATE
Jim Morris, chief executive of Envirotech International in Houston, had a problem. He needed a way to establish credit for customers who wanted to finance his company's water treatment systems. His first discussions with local bankers were discouraging. Envirotech had only been in business two years, and bankers traditionally require three years of financial statements before considering a business-loan application.
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