Comments on: Venture Debt – The Other Green Money http://www.infochachkie.com/venture-debt-the-other-green-money/ Entrepreneur infoChackies for business success Tue, 09 Mar 2010 16:11:44 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: David Schwartz http://www.infochachkie.com/venture-debt-the-other-green-money/comment-page-1/#comment-54 David Schwartz Wed, 24 Oct 2007 03:37:33 +0000 http://www.infochachkie.com/?p=49#comment-54 As an undergrad, I worked for a loan company that did receivables factoring. They charged 26% annual interest rates to their customers. It was high, but necessary since a lot of their clients forged accounts receivables documents. I agree that it is in a companies best interests to avoid getting these loans. They are really expensive, but sometimes unavoidable since banks often won't give loans to small companies. I thought it was really creative what they did in the mousedriver chronicles, when they used credit cards to generate cash flows while building credit ratings as well. As an undergrad, I worked for a loan company that did receivables factoring. They charged 26% annual interest rates to their customers. It was high, but necessary since a lot of their clients forged accounts receivables documents.

I agree that it is in a companies best interests to avoid getting these loans. They are really expensive, but sometimes unavoidable since banks often won’t give loans to small companies.

I thought it was really creative what they did in the mousedriver chronicles, when they used credit cards to generate cash flows while building credit ratings as well.

]]>