Austin Inventors and Entrepreneurs Association – May 24 Meeting

Austin Inventors and Entrepreneurs Association – May 24 Meeting
Topic: Factoring

Speaker: Artie Berne, Director of Business Development, Performance Capital
ARTIE BERNE, Director of Business Development for Austin/San Antonio area, grew up in the New Jersey, New York area, attended the University of Hartford receiving his Applied Science degree. Moved to Phoenix, attended Arizona State University obtaining Bachelor’s Degree in Analog and Digital Telecommunications.
Employed in that field as an Applications Engineer, consulting-selling Fiber Optic Laser based systems/components for several Fortune 500 and start up companies. As National Sales Director for MRV Corporation his responsibilities were to hire, train and manage direct, rep and distribution sales forces. Most recent position in the industry was Vice President of International Sales and Marketing for Avrio Corporation, a company specializing in optical transceivers.
Since 2002 has been developing and consulting in Real Estate and Mortgages for residential and commercial properties. Currently Artie is finding and cultivating factoring opportunities for Performance Capital.
In this presentation you will learn about:
1) The history of Factoring
2) What is Factoring
3) What type of companies use Factoring
4)How will Factoring Benefit your company
5) Why Factoring is booming
6) Bank Underwriting
7) How does Factoring work
8) Steady Cash Flow
9) Flexible Line of Credit
10) No minimums no MAXIMUMS
11) Mitigating Factoring Fees
12) Purchase Order Financing
13) Inventory Financing
May 24, 2006, 7:00 - 8:00 pm
Location:
Austin Public Library - Milwood Branch
(behind Cool River)
12500 Amherst Drive
Austin, TX 78727
About the Austin Entrepreneurs and Inventors Association
The Austin Inventors and Entrepreneurs Association (AIEA) is a non-profit organization dedicated to helping individual inventors and entrepreneurs get their product to market. The organization is in its ground-floor stages. We are motivated by the lack of resources and support encountered while developing and marketing an invention.

AIEA is one of several online community portals offering a library of resources, services and products to support the inventor and entrepreneur communities.
Additional information on AEIA is available at: http://austininventors.org/index.htm.