You are close Sean.

It works more like this.

Our vendor finds another IT vendor/dealer struggling or going out of business and buys inventory (say a server worth $60,000 18 months ago) that is still unused in the box and pays maybe $10,000 for it.
Our vendor then gets an MCA client a $60,000 lease - as the finance companies still count the equipment as new because it was never used and was always in the possession of an authorized dealer (passed from one dealer to another).
Our vendor pays the client $30,000 in cash either the same day or next day after the client takes delivery of the equipment.
Our vendor then pays us 3 or 4 days later $7500 or so on that lease and we pay our rep (you) $4500 commission = 15% of the 30K funded to the client.
The vendor makes a sweet $12,500 profit, the client gets working capital and we all get paid nicely.

The client gets money on a monthly payment costing between 28% and 34% true interest per year for 5 years if you add up the cost, and after their accountant writes it off it costs between 18% - 20% true interest per year (about double what they get in cash now). PLUS: The client does not have to personally guarantee it if their business qualifies, which we can determine with close to 90% accuracy onc ewe run their Dun & Bradstreet.

The product makes sense for most stacked clients: but to many on here it sounds like gibberish. LOL

All the best.

Dan Coleman
VP of Business Development
Lease Rebates Group
845 Third Ave.
6th Floor
New York, NY 10022
Phone: (212) 634-2846
Email: dan@leaserebatesgroup.com
www.leaserebates.net