I received call from an acquaintance, Bob McCarthy, Friday May 29th, whom I first met three years ago. Bob is a banker who offers accounts receivable financing in the mid-teens which is a fraction of normal AR rates. In order to qualify a candidate needs $5m in open AR plus good credit. He also offers asset based loans mid-teens, minimum size $500,000. He does inventory components as an additional source with AR minimum $500,000.
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