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Innovative financing method and system therefor

  • US 20020038277A1
  • Filed: 07/30/2001
  • Published: 03/28/2002
  • Est. Priority Date: 02/22/2000
  • Status: Abandoned Application
First Claim
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1. A system for providing a sales transaction of goods or services between a buyer and a seller, the system comprising:

  • a coordinator that receives a first purchase order from the buyer, that issues a second purchase order to the seller based on the first purchase order, that receives an invoice from the seller based on the second purchase order, and that assumes title in the invoice;

    a financial institution that receives an interest in the invoice from the coordinator, and that guarantees the buyer'"'"'s payment; and

    a bank that advances or loans at least a portion of the invoice to the seller based on the guarantee from the financial institution.

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