CurAegis Technologies Inc (fka CRGS)

[bluewaterfind]

Factoring is how to finance this should they get an order. Look it up it is based on future receivables.

If they get a P.O. from the Airforce, Torvec can take the P.O. to a number of finance companies out there that will give them money based on the $ size of the orders. The finance company would get the receivable and take their cut first. More likely Torvec has already talked to some factoring finance firms as dabreeze you are right that the Airforce will want to know before hand how they will be able to finance any orders to manufacture.

A U.S. government P. O. is as good as it gets for this kind of thing. The cost would be higher then a convential business loan but not outrages. I have seen this done before with a company called Force Protection. They are the guys that make those bomb removing vehicles for the military that are suppose to be able to withstand a blast from those nasty IED's in Iraq and now in Afganistan.

Great message board.