[dpFund]

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

[Kevin Henry-Seacoast]

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

Silicon Valley Bank does theses. I do not have a contact. Lighter Capital, but might be too big.

[TedFundy]

This begs the question as to how they won the bid if they are financially unable to perform the work?

Any real estate?

[NickHubbard]

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

Dan,

You might wanna try Abington Emerson Capital. They provide contract financing for situations like this!

http://abingtonemersoncapital.com/lo...act-financing/

[bdshaw]

We may be able to help Dan. Do you have the roll out schedule?
Bob