ForumsFinancing Tips

I may be able to help. Please email me so I may offer some solutions. Monique@accuratefinancial.info

Itslikethis,

I own a consulting firm here in Boston and might possibly provide you the funding you need, if you have a signed and verifable contract with a known and verifiable agency. My firm provides consluting services to insurance companies throughout New England.

Here is what I would do;

1) Verify the contract price and duration and get your client to agree to send payments directly to my firm or a lockbox, for an agreed upon duration of the contract, usually 90 to 120 days.

2) I will hold back a fee, usually a part of the hourly rate and provide you with a bi-weekly payroll and expense remibursment based on client signed and authorized time sheets.

3) When I am paid by the company/gov agency, I reserve the agreed upon hourly fee for providing you a stable income.

You would basically be a hired sub-contractor to my firm. So lets say you bill at 90.00 per hour, plus expenses. I would pay you 75 to 80 an hour plus expenses.

If you contract in all inclusive, I would need to be sure you have provided enough in your hourly rate to cover both your time and expenses. So if your all inclusive rate is $140 an hour, I would pay you 90, plus expenses (with a not to exceed amount of 25 per hour or 1000 a week). But you need to be clear if you did an all inclusive and you work less than 40 hours, you have less expenses to work with.

I do this all the time. So to answer your next question, what happens to your client? After the agreed upon period of 3 or 6 months and my having received all the payments due per the agreement, you woud then take over the contract yourself.

I currently have several consultants I do this with, including a gentlemen from Phoenix Az. who comes to Boston every week.

Anyway, if you have an interest, drop me a line at kalinowski.mike@gmail.com.

Regards,

Mike