Systems and associated methods for providing projected incentive based loans
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United States of America Patent
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-
Jun 1, 2010
Grant Date -
Jan 5, 2006
app pub date -
Jul 1, 2004
filing date -
Jul 1, 2004
priority date (Note) -
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status (Latency Note)
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Abstract
An incentive based loan method and related system provides a loan to a purchaser in association with the purchase of goods or services. An amount of purchases to be made by a purchaser, such as a small business, is projected over a period of time. The purchases can be goods or services, such as package shipping services. Based on the amount of the projected purchases, an incentive rate is agreed upon by the seller of the goods or services and the purchaser. In lieu of receiving the discounted rate on the goods or services during the period of time, the present value of the total incentives to be earned over the projection period is loaned to the purchaser. The purchaser thereafter pays list price for the goods or services, and the incentives earned are applied to the required loan payment.
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