| Q:
What types of receivables are acceptable? |
A: Just about any valid
invoice for services performed or products delivered. |
| Q:
What is required before an invoice may be funded? |
A: Your customer must be creditworthy
and your product or service must be completed, delivered, and accepted
by that customer. |
| Q:
Do we bill on our letterhead? |
A: You continue to bill normally.
Checks may be made payable to you, but mailed to the funding service. |
| Q:
What does it cost? |
A: Fees are competitive and terms
are flexible. The account and funding source determines the fees.
Typically fees for 30 days range from 2 to 5 points. |
| Q:
Are government receivables acceptable? |
A: Yes. Since these are common,
there are several funding sources that specialize in this area. |
| Q:
Must I agree to finance a minimum volume of future receivables? |
A: No. Finance one or as
many as you need to meet your cash flow needs. Stop when you wish,
or continue as needed. |
| Q:
Does receivables financing make good business sense? |
A: Yes! Thousands of firms
use this financial tool. Your business can take advantage of this
proven, debt-free, flexible method to effectively multiply your working
capital. |
| Q:
What is the smallest or largest invoice that we can submit? |
A: You may finance invoices for
as little as $100. There is no upper limit.
|
| Q: What will
my customers think? |
A: Receivables-based financing
is used by many of the largest corporations in the world to improve cash
flow, support growth, and increase profits. Many of your customers
may use this service themselves and others have become familiar with it
through other vendors. The fact that you qualify for this "credit
line" makes a strong positive statement.
|
| Q:
Can we qualify with a history of credit problems such as bankruptcy, IRS
liens or judgments? |
A: Yes! That's another advantage
of this type of funding and making arrangements with the IRS or the courts
is common.
|
| Q:
Can we qualify if we already have existing credit lines or SBA loans? |
A: Yes! We compliment and
work in cooperation with your existing lenders to enable you to access
even larger amounts of funding.
|
| Q: Can we
qualify even if we are just starting a business and have no credit history? |
A: Yes, you can, if you have creditworthy
customers. |
