G-Man
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- Jan 13, 2014
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That's the most convoluted inventory financing arrangement I think I've ever heard, especially if it's only for 25k.
I finance inventory for a business I'm in on the side, rarely more than $20k a pop, and here's how I do it: I give these guys a credit card to use to purchase the inventory (I use a credit card and not cash for several reasons), then they pay me 8 points, but they can't charge the card for another buy until they've turned the whole first amount.
Propose that to someone. You might get a bite. Might not.
EDIT: When I say 8% I don't mean APY, I mean they pay me 8% over principal, whether it takes them 90 days to turn or 10.
I finance inventory for a business I'm in on the side, rarely more than $20k a pop, and here's how I do it: I give these guys a credit card to use to purchase the inventory (I use a credit card and not cash for several reasons), then they pay me 8 points, but they can't charge the card for another buy until they've turned the whole first amount.
Propose that to someone. You might get a bite. Might not.
EDIT: When I say 8% I don't mean APY, I mean they pay me 8% over principal, whether it takes them 90 days to turn or 10.