Alex Shvarts

We see a lot of major transportation companies file bankruptcy in the last two years.

But construction, so we're seeing a delay in payments.

They're having a hard time collecting money.

A lot of projects went into standstill.

So when interest rates went up, a lot of the commercial properties are in trouble.

We see a lot of big developers in trouble right now.

They can't refinance.

So that's slowed down.

The residential market still seems to be doing good, but not as good as it was, you know, immediately post COVID.

Right.

Typically, it can range from anywhere from 10% to about 28% discount.

So depending on the risk factors that we're facing.

You can't really consider an effective interest rate on this because this is not a loan.

And it's impossible.

I mean, we don't get around it.

This is what the product is.

Yes, but the difference between a factoring product and this product, if you need 30 seconds, factoring works like this.

I've got a purchase order from Home Depot.

I've got a real buyer that's ready to buy a million dollars worth of widgets.

I'm a manufacturer, I need $500,000 to produce those widgets.