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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Anthony@Pacific who wrote (14331)	2/24/1999 4:14:00 PM
From: StockDung	Read Replies (4) \| Respond to of 122087

I think I figured out th 10 million dollar financing for CYOE. They sold their receivables; Receivable Financing is a form of asset-based lending in which your unpaid invoices are used to secure immediate short- term loans. This creative financing alternative recaptures cash that is presently tied up in your accounts receivable ledger and puts it back to work for you! Non-performing assets are converted to immediately available working capital resources to fuel your business growth. Your company's borrowing capacity, therefore, is not totally dependent on your financial statements, but on the size & strength of your contracts or purchase orders and the resulting invoices. You are limited only by the size and quality of your receivables.