Dan,
I will go slow for you and try to use 2 syllable words. Mondoman explained himself correctly, correctly for people who follow the company. You can't do your homework, just off of this thread.
Mondo meant is Actrade finances companies of all sizes. What he meant by a bridge, is that Actrade finances a lot of construction companies in New York, in particular a rather large one, who does 200 million in Revenues. Actrade also finances Greybar Electronics, which is a 1.2 billion company, which is just starting to use Tad's for their whole company.
What mondo meant by an array of different ventures is that it may be any kind of company? For Instance, Morton International has signed on to use the Tads.
Tads are by no means new, if you read any of actrade's information, you would have found out, they came from England, in which they are still used. What is new, is that they are being deployed by Actrade, which is the only company doing this.
As for Mondo's statement of criteria, he simply means Actrade goes through typical and standard credit checks, before signing the Tads.
Mondo's conclusion is that Actrade now is in the position, to deal with Billion dollar companies because of its strong financial condition. |
