Hello,
I am a broker of food powders. I have received a purchase order from a company for $200,000. However, the food manufacturer wants cash up front before the products are shipped. The company that gave me the purchase order wants net 30 to 45 days.
Therefore I need the $200,000 to buy the food. After 30 to 45 days the company that received the goods will pay me $224,000. Making my profit $24,000.00.
They told me this would be a monthly deal.
I have ran a credit check with the company that gave me the PO. They are in good standing with all three companies that they referenced.
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