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Stock_Barber

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Re: The Financier post# 32936

Thursday, 08/20/2009 9:40:59 AM

Thursday, August 20, 2009 9:40:59 AM

Post# of 103340
The $1M Myth

"They have a credit line of 1,000,000"
No they don't! They have $1M in invoice factoring... That is ABSOLUTELY NOT a line of credit! It is a fee based payday loan, and it is NOT merit based. Any business can get one. Have you done your DD, or do you take hype at face value?

"Banks would love to loan them more money BECAUSE THEY CAN PAY IT BACK!!"
What is their collateral for the loan? They probably can't get a conventional loan beyond what they already have... and they have probably collateralized their existing equipment to get that.
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Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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