Saddle Ranch Media Inc (SRMX)

[BigfootSlapper]

That is correct CIT group is only for inventory (Filing PO's). After invoice is paid by customer to CIT group (most likely NET 90) CIT group will then pay Tri Cascade the remainder minus interest.

Terms could be different; it just depends on the deal worked out, but above is a standard receivable factoring deal. Also, this deal is not just hey, CIT Group, I think we will be selling product and need inventory. CIT group will only pay for inventory if there is a PO in hand.