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06-29-2014, 06:12 PM #28
Reputation points: 2893
- Join Date
- Jan 2014
- Posts
- 283
If I sell someone $100,000 at a 1.30 the true cost is $30,000. I am purchasing $130,000 worth of future sales for $100,000 right now. Simple. Easy. Sensible for those that need an infusion of cash/capital immediately. All the APR does is make the process a lot more complicated than it really is or should be. If I get them a 12 month term does their opportunity to improve/increase their business justify the $10,000 per month cost? The answer to that is what helps them make the best business decision.
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