Every month my company sells roughly $15,000 worth of monthly recurring revenue contracts with five year term lengths. The service sells for $1,000 per month so every month we sign on 15 new customers.
$15,000 * 12months * 5 years = $900,000 (total contract revenue for all 15 contracts sold during the month)
We've maxed out our borrowing on physical assets held by the company and I need to find a way to unlock these revenue streams to use as collateral for further growth.
What's the best way to do this? I would prefer to not have to go to every customer and amend their contracts in any way.
posted by Paalen
on Jan 24, 2014 -
Is it legal for a company to withdraw online payments from my account without notifying me first? [more inside]
posted by anonymous
on Mar 25, 2012 -
What is the purpose of having something notarized? Do notaries have any legal responsibility for the authenticity of the documents they sign? [more inside]
posted by brynnwood
on Feb 6, 2011 -
Local political campaign reports a large surplus four days after stiffing its workers (I and dozens of other campaign workers are owed back pay, several of us in the $300+ range). Solutions? [more inside]
posted by anonymous
on Oct 5, 2009 -
What should I take into consideration when spearheading an anthology project? What resources are out there for us? [more inside]
posted by divabat
on May 30, 2008 -
My friend was served by a collection agency. She owes the money but doesn't have it. What's she do now? [more inside]
posted by b_thinky
on Apr 23, 2008 -
Disentanglement filter: My girlfriend has an inheritence, which is currently in the form of a stock portfolio which in her name, but her mom's name is also on it since she was under 18 when she got the inheritance (she is 21 now). Her mom is less than reasonable, and makes threats regarding said assets, so how can she (my gf) get the stuff to just be in her name, and keep the assets safe from her mom's prying fingers? [more inside]
posted by gnomicPerfect
on Jan 30, 2008 -
Has anyone used All World Private Funding to get a loan? And if so, what was your experience?
posted by waytogo!
on Oct 27, 2007 -
Expat American hates money, inherits share of house, perhaps $100,000. Do I need an accountant, a lawyer or something else to advise? [more inside]
posted by planetkyoto
on Dec 2, 2005 -
So Lucent got fined yesterday, to the tune of mamny millions of dollars, byt the SEC for the criminal euphemism of Account Irregularities
Like other high profile SEC investigations, why do they always mention the fine, but never discuss where the funds go?
Are they used to offset the defrauded investor's losses? Or does the gov't turn the investor's loss into it's gain by keeping the fine for its own purposes?
posted by Fupped Duck
on May 18, 2004 -