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07-12-2017, 02:24 PM #1
- Join Date
- Jan 2014
- Posts
- 1,378
out of the box fanancing..can lender use a executed contracted as collateral?
Have a merchant who sold his previous company and is looking to expand his current business. Sold his previous company for $17,000,000 to be paid to him over 8 years. He gets a deposit every Thursday for 20% of that companies revenue for previous month. (the company that bought his)...is that any lender that lends on executed contracts using that as collateral?
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07-12-2017, 02:31 PM #2
- Join Date
- Feb 2017
- Posts
- 3,455
If he's got good credit (wealthy people generally either have awesome credit or really bad credit), then I'll set you up with a great solution. You know the credit lines product I work with, don't you? I have a few more, but these contracts might be good collateral.
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