Re: How about financing ? pjgats
in response to
by
posted on
Feb 16, 2010 10:34AM
And if you don't get paid, that's what the pitch fork is for correct? LOL!
How about progress funding as is done with new construction, where the sub-contractors to the general, file liens against the owner/lender, and do lien releases monthly as they are paid, less the normal 5% retention?
In this case, meaning being funded to get to a certain stage, and as money starts being generated from selling the goods, payments are made against the intial loan, more funds are then given, and the process repeats itself until more cash is coming in than going out, with the lender fully paid, and at a nice profit. At that point Silverado could fund it's own operations.
Is this a senario that fits our situation?