Q I need, I'm just going to make up a simple example. I need a pallet of two by fours and it's going to cost me a thousand dollars. I don't have that cash right now. I use you guys to do it. Can we sort of break down the economics on a thousand? So, so you would loan me a thousand today at what interest rate over a 120 days?
A Yeah, it depends. Um, so we do risk-based pricing. So like, let's say as low as 20% annually, but that's broken down. I mean, it's a, it's a 120 day product. So the, the broader kind of fundamental process is you need that, that thousand dollars worth of lumber, right? So you're going to take the material plus labor and you're going to install it, right? And so now you have a 3000 dollar receivable with a general contractor with what generally has a 60 day timeline on getting paid. But you needed to buy 30 days in advance. So now you have a 90 day gap for when you needed the material versus when you get paid. So we bridge that. So you're going to take four months worth of financing and call it a 20%. You're going to get paid. So four months is kind of the long end. You're going to get paid somewhere in this middle, call it 30 to 30 days to a 120 days. Once you're paid, you repay us like the 120 days is like the max.
AI assessment note: “we do risk-based pricing. So like, let's say as low as 20% annually”