Mark E Conard

US Patent:

20070016519, Jan 18, 2007

Filed:

Jul 13, 2006

Appl. No.:

11/457328

Inventors:

Calvin Blount - Atlanta GA, US
Mark Conard - Roswell GA, US

International Classification:

G06Q 40/00
G06Q 10/00

US Classification:

705038000, 705028000

Abstract:

Various embodiments of the present invention provide a system that enables lenders to provide more favorable financing arrangements to borrowers that are willing to use their warehoused inventory as collateral for the financing arrangement. In particular, the system provides a mechanism through which the lender can receive more information about and exercise a higher level of control over the warehoused inventory that secures a financing arrangement, which provides the lender with the security that the collateral will be accessible in the event of the borrower's default. for example, such information may include what is in the inventory, where the inventory is located, the quantities of each asset within the inventory, the value of each asset in the inventory, and whether the lender can access and liquidate the assets in the event the borrower defaults on the financing arrangement.