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factor your receivables , but it’s costly .

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Icarus

7,359 Posts.

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20/09/19

23:17

Post #: 40503503
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Originally posted by Salubrious: ↑

sorry if a dumb question, how exactly would the loan be secured? can they borrow with no collateral? who would finance in that scenario? I'd imagine the terms would have to be pretty ordinary with no security.
I know we'll find out very soon, I'm just not very savvy with how businesses get loans. I would have thought there'd have to be a share issue or some sort of security against the loan, doubt they'd have the cash for it.
will be the best ever if our optimism comes true, dreaming of the $ if they ever hit upwards of 36mil rev/ year, that was the plan!

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factor your receivables , but it’s costly .

EN1 Price at posting: 2.3¢ Sentiment: None Disclosure: Held
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0 Great analysis

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