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Digg It - Are You Frustrated with Lack of Business Funding Options?
What's a busy retail merchant to do when it needs extra working capital?
"Oh, NO!!! - Not the gauntlet," you think – taking your valuable time (and patience) to deal with the "paperwork" required by traditio
"Oh, NO!!! - Not the gauntlet," you think – taking your valuable time (and patience) to deal with the "paperwork" required by traditio
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
nal sources!
Correct! You got it! Not the Guantlet! And let me tell you why!
Today -- there is a better, easier, more reliable, convenient and FAST way to obtain lines of business credit for merchants!
Correct! You got it! Not the Guantlet! And let me tell you why!
Today -- there is a better, easier, more reliable, convenient and FAST way to obtain lines of business credit for merchants!
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
HOW?" you say; tell me more!
Okay, I will -- since it is my goal to help educate small business owners as to all the alternative financial tools available to them today that were not previously available – t
Okay, I will -- since it is my goal to help educate small business owners as to all the alternative financial tools available to them today that were not previously available – t
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
hat's just what I intend to do. So, listen up because this is exciting stuff!
Any vendor or merchant who accepts credit/debit cards can easily get an advance from their "future" credit and/or debit card rec
Any vendor or merchant who accepts credit/debit cards can easily get an advance from their "future" credit and/or debit card rec
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
ipts!
Remember, the folks I work with help businesses leverage their "liquid assets" so that no "debt" is created and added to their balance sheet. In fact, many businesses use the options we offer to retir
Remember, the folks I work with help businesses leverage their "liquid assets" so that no "debt" is created and added to their balance sheet. In fact, many businesses use the options we offer to retir
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
"loans" and "strengthen" their balance sheet!
So, those little bitty chunks of paper -- those future credit or debit card receipts -- are pieces of paper with a dollar value attached to them, right? And, w
So, those little bitty chunks of paper -- those future credit or debit card receipts -- are pieces of paper with a dollar value attached to them, right? And, w
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
hat can you do with them in the asset-based lending industry? You got it! You can "leverage" them! They are a "liquid asset" of the merchant's business.
Using this non-traditional, debt-free funding tool,
Using this non-traditional, debt-free funding tool,
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
we have helped businesses by providing money for:
- Equipment and inventory purchases
- Cash flow needs for seasonal businesses
- Renovating or remodeling your business
- Equipment and inventory purchases
- Cash flow needs for seasonal businesses
- Renovating or remodeling your business
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
r>
- Advertising
So, "Give me some details," you say!
How does it work?
The funding source will literally purchase your "future" Visa/MC receipts in the form of a cash advance.
Generally:
1)
So, "Give me some details," you say!
How does it work?
The funding source will literally purchase your "future" Visa/MC receipts in the form of a cash advance.
Generally:
1)
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
ou are advanced from $1,500 up to $250,000 based on your previous average monthly sales receipts
2) A small fee is deducted from your ongoing "future" Visa/MC receipts (the amount or percentage is d
2) A small fee is deducted from your ongoing "future" Visa/MC receipts (the amount or percentage is d
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
termined by the business owner and the funder)
3) There are no fixed payments and no fixed re-payment term
What do you need to qualify?
Generally:
1) Your business must accept credit/debit cards as
3) There are no fixed payments and no fixed re-payment term
What do you need to qualify?
Generally:
1) Your business must accept credit/debit cards as
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
a form of payment
2) You need to be processing a minimum of $1,700.00 and above a month
3) You can qualify even with poor personal or business credit
What paperwork is neede
2) You need to be processing a minimum of $1,700.00 and above a month
3) You can qualify even with poor personal or business credit
What paperwork is neede
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
?
Generally:
1) Completed and signed simple application
2) Three or more month's credit card statements
3) Bank statement
How long does it take?
Generally:
Once your completed appli
Generally:
1) Completed and signed simple application
2) Three or more month's credit card statements
3) Bank statement
How long does it take?
Generally:
Once your completed appli
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
cation has been received and processed (which can sometimes be done in as little as 1 day's time), it takes 5-7 days for the funds to be forwarded and any subsequent funding can be done in one-half the time.
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
So, as an example, a merchant whose business averages $20,000 a month in credit/debit card receivables, can get an advance of approximately $30,000 against its "future" receipts within 5 to 7 days after compl
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
tion of the application and approval process.
These are easy lines of credit for merchants to establish and maintain – even for years – so that any extraordinary working capital needs they might encounter ca
These are easy lines of credit for merchants to establish and maintain – even for years – so that any extraordinary working capital needs they might encounter ca
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
n be filled almost automatically without any disruption to a merchant's already busy schedule.
The vast majority of the millions of new jobs created in the US in the last 15 years were created by the hundred
The vast majority of the millions of new jobs created in the US in the last 15 years were created by the hundred
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
of thousands of small merchants and entrepreneurs that have fueled America's economic growth. And, until now, small business' funding and other needs have gone un-addressed.
As relates to funding, however,
As relates to funding, however,
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
innovative private investors have seen this need of small business and have stepped in to lend a hand and help make the small merchant's business grow and prosper while saving time and headaches.
These fund
These fund
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
rs provide the funds a small business needs to realize its full potential and make its dreams become a reality and I, for one, am happy and excited to be a part of it!
Copyright (c) 2006 Cash Flow Connection
Copyright (c) 2006 Cash Flow Connection
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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