Results 1 to 4 of 4
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09-03-2015, 02:20 PM #1
- Join Date
- Oct 2014
- Posts
- 40
850k paid back in 30 days through an assignment of proceeds
DEFINITION OF 'ASSIGNMENT OF PROCEEDS'
A document transferring all or part of the proceeds from a letter of credit to a third party beneficiary. To receive an assignment of proceeds, the beneficiary of a letter of credit is required to submit, in writing, a request to the bank to assign the funds to a different person or company.
My client is looking to borrow 850k @ 5% interest paid back in 25 days. Direct Lenders only.....
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09-08-2015, 03:12 PM #2
- Join Date
- Jan 2015
- Posts
- 93
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09-08-2015, 03:30 PM #3
- Join Date
- Jun 2015
- Posts
- 3,326
Fund master . Do you even know what promed does ? I think YOU need to call james and talk to him on what you actually offer . You constantly just come on here on every thread promoting promed with out even reading what they are looking for . Promed rates are between 1.12 and 1.38 if they did not change in the last month . they do not offer 5% . also they don't fund people who did corporate turnaround unless that also changed in the last month .
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09-08-2015, 08:55 PM #4
- Join Date
- Sep 2015
- Posts
- 41
Give Kristof from LoanMe a call. He might be able to work some numbers for you. 949-535-7135
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