Detailed text transcripts for TV channel - FOXNEWS - 20100203:11:48:00
Sell. tell us about your outfit. >> yeah, what we do is called purchase order financing and what we center on is the transaction that the company has itself and not the overall look of the balance sheet and we're looking at the individual transaction that if we -- if this is a good product and he has it sold to a customer with a good -- good credit. >> so he comes to you and he says i've already sold 5,000 of these but i need $100,000 to make them. >> so, you know, we -- what we do is we do our process of, you know, verifying that the transaction exists with him. and then we're willing to lend...
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