Factoring:Is it possible to sell to a bank the future cash flows of a startup?

Say the start-up has a 10 year contract with a client that entitles me to bill each year $100,000 for a given service. Can I sell all these cash flows to a bank for $1,000,000 (10 years a $100,000 ), less any bank provisions?

jay north asked this on Feb 12, 2014 Posted in Business Loans & Credit0 answers

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