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Funding Process Frequently Asked Questions
THE FUNDING PROCESS IS QUICK AND SIMPLE Step 1: Submit a Client Application/ Client Profile Step 2: Funding Source uses the Application to evaluate potential funding Step 3: A Proposal is prepared for your review Step 4: Agreements are finalized Step 5: You generate an invoice to a customer for products or services Step 6: Fax a copy of the invoice (s) to Funding Source Step 7: Funding
Source will verify the invoice">
Funding Process Frequently Asked Questions THE FUNDING PROCESS IS QUICK AND
SIMPLE Step 1: Submit a Client Application/ Client Profile Step 2: Funding
Source uses the Application to evaluate potential funding Step 3: A Proposal is
prepared for your review Step 4: Agreements
are finalized Step 5: You generate
an invoice to a customer for products or services Step 6: Fax a copy of
the invoice (s) to Funding Source Step 7: Funding
Source will verify the invoice, and advance the funds Step 8: When your
customer pays the invoice in full, you will receive the remaining balance, minus
a nominal fee.
_________________________________________________________________ Frequently Asked
Questions Q: What types of receivables are
acceptable? A: Just about any valid
invoice for services performed or product 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 or
yours? A: You continue to bill
normally. Checks may be made payable to you, but mailed to Funding Source
address. Q: What does it cost? A: Our fees are competitive
and our terms are flexible. Typical fees for 30 days range from 4 to 5 points.
Fees are lower for shorter time periods or for reduced advances. Q: Are Government Receivables
acceptable? A: Yes. Nearly 40% of our
business is Government or Municipal related. Q: Must I agree to finance a minimum
volume of future receivables? A: No. Finance one invoice
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 receivables based financing when cash flow dries up due to show paying
customers or when traditional financing is either unavailable or insufficient to
fund needed growth. Our "credit line" is exceptional in it's speed, ease, and
flexibility. 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 financial tool 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 working with us. We are experienced in making arrangements with the
IRS or the courts. Q: Can we qualify if 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.
Request a client application/client profile form
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