Clean Funding (in-formation)
Buying new consumer receivables, small dollar, high volume. Paid-in-full within 2 weeks (verifiable). Discount 6%, yield 12% per month.
Dry cleaning is considered a "cash business"; albeit within the industry we've identified a major credit opportunity. We'll be buying 100% of store receivables (daily) at a 6% discount, non recourse except quality control. Included, we pay all credit card processing fees. Is there a need for this? We pre-marketed 50 stores. One half had keen interest and 50% of that number want to start immediately. As of today, we have no competition.