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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,
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To: Richard Miller who wrote (24747)3/28/1999 4:55:00 PM
From: Clayleas  Read Replies (2) of 122087
 
<I suspect a judgement lien by the San Diego Wholesale Credit Association, would preempt a loan by anyone who did any kind of credit search.>

You are correct if Prinvest were extending credit to Wireless USA. In fact, they are not.

Prinvest is an asset based lender using accounts receivable as collateral. This means, in essence, Prinvest is extending credit to Wireless USA's customers. It is practically the only form of credit that a company with very bad credit can get, and needless to say, it is very expensive.
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