Cyclone Power Technologies, Inc. (fka CYPW)

[creston]

I like this one, Cyclone found a new way to borrow money.

Quote, "Completion of the Combilift contract will allow us to collect $300,000. We are pursuing invoice financing to complete this order."

Invoice discounting allows a business to draw money against its sales invoices before the customer has actually paid. To do this, the business borrows a percentage of the value of its sales ledger from a finance company, effectively using the unpaid sales invoices as collateral for the borrowing.[