What is Wholesale Money?
Wholesale money is a means of raising needed business capital by securing a large loan from a bank or financial institution, rather than attempting to generate the needed capital by means of issuing bonds or share to a series of investors. Generally, wholesale money is a revenue strategy that is confined to established businesses and is often extended by banks and financial institutions to long standing corporate clients. Wholesale money involves a loan situation, rather than a line of credit to be drawn upon, and often carries very competitive interest rates. There are a few advantages to using a wholesale money approach when funds are needed for some business purpose. One of the most obvious is that the process allows the company to begin using the funds immediately. Once the large loan is secured and the proceeds deposited into the appropriate corporate account, the intended purpose can be undertaken immediately. This can be especially helpful when the reason for the wholesale money
