"Providing Creative Cash Flow Solutions For Small Business Since 1999"
Factoring
What is our Factoring Program?
The differences between our program and a bank's A/R Lending program:
Accounts Receivable Lending (what most banks provide):
1. Leverage off of your personal credit scores. 2. Length in business is a major concern. 3. Current financial health of your company is required. 4. Shows as a liability (a loan) on your balance sheet. 5. Often requires a cash reserve and change of bank. 6. Tax Returns are needed. 7. If your customer does not pay, YOU do (Full-recourse). 8. Driven by your CURRENT business health. 9. It is considered a business loan, with all the
rigid stipulations normally attached. 10. Final approval is limited to certain types of businesses.
True Factoring (what we do):
Leverage off your customers' credit not your credit scores
Newand established businesses are accepted.
Your company’s financials are not an issue.
Is an “off-balance sheet” event. Is actually an asset.
No cash reserves or bank change is necessary
Tax Returns may not be needed.
You are NOT responsible for pay of sold invoices. (Non-recourse)
Based on your future sales. The higher your gross sales, the higher the leverage!
NOT A LOAN, therefore minimal paperwork to qualify.
Almost all businesses may qualify, including construction and services!