Inventory As Collateral
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  1. #1

    Inventory As Collateral

    Hi,

    I have a merchant who needs to purchase new equipment for his operation overseas. He is one of a small number of miners of a specific precious stone. The merchant would like to put up inventory to secure the financing for the equipment.

    Are there any funders/ lenders that use inventory as collateral when it come to securing a loan/ advance?

    Any input would be greatly appreciated.

    Thank you,

    Steven Feld
    steven@whizfunds.com

  2. #2
    Senior Member Reputation points: 118209 ridextreme's Avatar
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    What kind of inventory?

  3. #3
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    Is the inventory or the machinery even in the USA?
    How's the guy's credit?

  4. #4
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    The precious stones are the inventory, aren't they?

  5. #5
    Senior Member Reputation points: 118209 ridextreme's Avatar
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    how precious could they really be if the guy needs money

  6. #6
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    Quote Originally Posted by ridextreme View Post
    how precious could they really be if the guy needs money
    Dear Sir,

    My name is John Nkewuswkwuwu and I am writing you today from Nigeria to present you with at great investment. I am one of only a few miners of precious Nile grade AAA diamonds in the world, and to help expand my operations I need purchase equipment at the cost of $25,000 US. If you cover the costs I am willing to pay a premium on your investment. Please reach me at Nigerian.diamond.hustler@gmail.com

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    Mr. Nkewuswkwuwu I'm here to help!

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