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And even if they didn't have the cash on hand, they could probably get a bridge loan against the expected donations provided they can provide proof that the "th
by Patient0 17y ago
And even if they didn't have the cash on hand, they could probably get a bridge loan against the expected donations provided they can provide proof that the "the money is on the way".
- falsestprophet 17y agoThis is called factoring and is common in corporate finance where Y net-N (payment after N days or Y% discount at 10 days) is standard operating procedure. http://en.wikipedia.org/wiki/Factoring_(finance) http://en.wikipedia.org/wiki/Factoring_(finance) The Red Cross would sell their invoices from the telephone companies at a discount to a third party. Although, the possibility of fraudulent contributions may complicate this plan.