LENDER-CC24I10805EB00068
$495.00
Purchase for full contact information of one or more deal team members. All purchases are final and non-refundable.
Description
– Primarily provides asset based loans and factoring against accounts receivable
– Commercial finance company providing working capital to small and midsize businesses
– Can also provide Purchase Order Financing (PO Financing)
– PO Financing works by having the lendner post Letters of Credit (LCs) to manufacturing vendors for immediate payment when they ship goods
– This provides vendors with comfort that they will get paid in full without risk, but usually they cannot get the funds until the products are are ready to leave the warehouse, and have been inspected as such by a third party)
– Loans in the $1-20M range