RECEIVABLE FINANCING

There are several ways we can help you to finance your slower paying receivables.

The very credit worthy applicant can secure a Line of Credit from a banking institution. These products are usually priced with a variable rate indexed to the Prime Lending Rate. They are usually reviewed on a yearly basis, and often require certain profitability, equity, and balance sheet ratios. Usually a blanket lien is placed against all your business assets, or your inventory and receivables.

There is the traditional way of financing all your receivables, called Factoring, where you sell all your invoices monthly, for a minimum period of 6 months – 1 year, and receive a 70% - 75% advance, usually in about 48 yours from presenting your invoices. A lien is placed against all your receivables.

We also have the ability to finance 1 or 2 of your invoices, up to 50% of all your invoices initially, called Spot Factoring. If not all your receivables are being paid late, you need not finance them. Save money and finance only the underperforming ones. You will receive an advance, usually within 48 hours from presenting your invoice(s). A lien is placed only on the receivable being financed. Great for seasonable businesses, one time situations, and slow periods. Approximately 1 week to be set up.

LINES OF CREDIT

• Up to 10% - 15% of your last fiscal gross revenues

• Lines are interest only and do not require a 30 day clean up period under $100,000

• Full disclosure required

• Reviewed yearly

  
   

LOANS

• 6 month to 12 month Loans

• No tax returns or financial statements required for approval

• Based upon merchant processing volume and/or bank deposits

• 48 hour approval, fixed payments, fast funding

• Lower personal credit scores accepted

MERCHANT PROCESSING

• Credit card services for the processing of all your credit and debit sales

• Next day availability of funds

• Low competitive rates

• Free analysis of your current processor charges

• Impeccable customer service