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Subject:
factoring
Category: Business and Money > Finance Asked by: a1moneysource-ga List Price: $20.00 |
Posted:
09 Mar 2005 19:36 PST
Expires: 18 Mar 2005 10:28 PST Question ID: 490771 |
I have a client who has a considerable amount in receivables. We want to get him an advance on his receivables in the range of $600K. problem is most are business to business, we need an advance on consumer receivables, need direct lender. |
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There is no answer at this time. |
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Subject:
Re: factoring
From: frde-ga on 10 Mar 2005 01:29 PST |
1) You have a client 2) The client has debtors owing in excess of $600,000 3) These debtors are mainly members of Joe Public Inc 4) The client needs to borrow $600k 5) Conventional lenders will not touch him Make sure you get your consultancy bill paid fast |
Subject:
Re: factoring
From: a1moneysource-ga on 11 Mar 2005 12:09 PST |
Addressing your comment 1) You have a client 2) The client has debtors owing in excess of $600,000 >>> WRONG!!! He has accounts receivables. People paying him. 4) The client needs to borrow $600k 5) Conventional lenders will not touch him Make sure you get your consultancy bill paid fast >>>> Refer to above answer Ignorance is not bliss |
Subject:
Re: factoring
From: frde-ga on 12 Mar 2005 03:22 PST |
Look up the definition of 'debtor' Gurgle on: definition: debtor http://www.wordreference.com/definition/debtor |debtor a person who owes a creditor; someone who has the obligation of paying a debt| As a practical tip, I have always found that when dealing with accountants, it is wise to learn the jargon. |
Subject:
Re: factoring
From: a1moneysource-ga on 12 Mar 2005 20:14 PST |
IDIOT! please get a life. I said nothing about debtor in my inital question- you said that in your comment. Educate yourself first before trying to educate others. 2- go back to my original statement-PLEASE GET A LIFE!!! If you are not going to help me with my situation than please leave me the heck alone, FOOL. |
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