Results 1 to 5 of 5
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06-01-2017, 08:42 AM #1
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
$2.5MM Funding against Large Invoice
A prospect/client of mine provides a technology product in the travel industry. They recently secured a contract for $5MM over a twelve month term to license their technology. They're looking for $2.5MM - $3.5MM of funding against that contract so they can perform the services.
Not a factoring deal since the services have not been performed yet. And not a fit for my funding model.
Any suggestions?
Thanks in advance.
Dan Page
Direct: (303) 938-8280
dan@fundingstrategypartners.com
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06-01-2017, 08:54 AM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,493
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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06-01-2017, 11:11 AM #3
- Join Date
- Mar 2016
- Posts
- 335
This begs the question as to how they won the bid if they are financially unable to perform the work?
Any real estate?
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06-01-2017, 12:30 PM #4
Dan,
You might wanna try Abington Emerson Capital. They provide contract financing for situations like this!
http://abingtonemersoncapital.com/lo...act-financing/Nick Hubbard
Senior Loan Advisor
314-252-0299 - Office
314-885-2262 - Direct
nick@elitefactoring.com
www.elitefactoring.com
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06-06-2017, 11:54 AM #5
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
We may be able to help Dan. Do you have the roll out schedule?
Bob
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