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Article: Bridging the gap when your bank says no. (Trade Acceptance Draft Program)
- Article from:
- Real Estate Weekly
- Article date:
- July 10, 1996
CopyrightCOPYRIGHT 1996 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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You're the president of a co-op board which just approved a decision to remove all the asbestos from its building. Unfortunately, the building's line of credit is maxed out; the coop is already financed at 100 percent of its value, all its assets are pledged. You have to proceed with the work immediately, and the asbestos removal firm must be paid soon after completion. Where do you go? An innovative finance firm named Actrade is offering a solution called the Trade Acceptance Draft (TAD) Program.
The TAD Program works like this. In the above example, the co-op ("buyer" of a service or product) reaches an agreement on the price of the work to be done, and the work is ...
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Article: Actrade Capital, Inc. and ContractorHub.com Announce ...
PR Newswire;
April 3, 2000 ;
700+ words
... ... transactions that the TAD Program funds," commented ... President of Actrade Capital, Inc ... conjunction with Actrade's TAD Program and manages the ... ContractorHub.com, the TAD Program provides safety ... hours." About Actrade Capital, Inc ...
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