NOBLE FINANCE$: Accelerating CA$H Flow
|Amount Used to Compute Advance||$90,000 (Invoice amount less retainage)|
|60 Day Discount Rate||8%|
|Fees for 60 day advance||$8,000 (Discount Rate times Original Invoice Amount)|
|Amount Rebated after Invoice Is Paid||$28,000 (computed as: $90,000 - $54,000 - $8,000 = $29,000)|
|Total Amount Received After “Retainage” Amount Is Paid||$92,000 (Initial advance, plus rebate, plus retainage)|
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