Financial Products & Services
Accounts Receivable Financing
Accounts Receivable Financing is appreciated by businesses of all sizes and industries. It is an alternative financing product for businesses that are not able to qualify for traditional bank lending, or may need more cash flow than a traditional bank line of credit can accomplish. AR Financing gives businesses immediate and ongoing cash flow to grow their business and take on new opportunities. It also allows businesses to take advantage of trade discounts, buy more inventory, hire more employees, pay off existing debt, pay payroll on time and offer terms to increase sales opportunities.
Any company that generates business to business invoices is eligible for A.R. Financing. Business such as manufacturers, wholesalers, distributors, and service companies are eligible. Companies that are experiencing growth or suffering from poor cash flow are a good candidate for A.R. Financing.
Accounts Receivable Financing is a receivable purchase with or without recourse. Funds are advanced up to 90% of the face amount of eligible receivables. Recourse periods are generally 90 days past invoice date. Reserves are usually 10% or more of the outstanding financed receivables. You will be assisted by credit-qualifying your clients, establishing credit limits, and collection of your receivables. A lock box is provided for the collection of remittance checks. Timely reports are provided to keep you up-to-date with your receivable activity.
Fees are reasonable when you consider the present cost and time of managing your own receivables. Rest assured, you will be able to focus on the more important aspects of your business such as increased profit and growth. In today's economic challenges, it is tough to receive traditional bank financing. Accounts receivable financing will help your business stay in business and prosper.
Purchase Order Financing
Purchase Order Financing is a financing program that allows your business to receive an advance on your purchase orders. Typical advance rates are lower than receivable financing. Your supplier/manufacturer will be funded on the submission and verification of your purchase orders. Most Purchase Order companies require factoring (Accounts Receivable Financing) to back up their advances.
Other Services
- Medical Billing Financing
- Trucking and Transportation Financing
- Construction Financing
- Leasing
- Accounts Receivable Collection Management
Please contact us for more information.