common business practice to get a bank advance against guaranteed future income

If for example you had a manufacturing business and received a huge order... but you don't have the money for the materials, extra staff etc. required to fulfil it... you can use that order to get finance (against the guaranteed income from that order).

NC are debt-free, own the stadium and were guaranteed income from the PL so should have been able to get a short-term advance on that income from a financier.

Posted By: Larry Hagman, May 13, 13:31:00