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 our 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. As a result, we are expert in this specialized area.
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 receivablesbased financing when
cash flow dries up due to slow paying customers or when traditional
financing is either unavailable or insufficient to fund needed
growth. Our "credit line" is exceptional in its speed, ease,
and flexibility.
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
judgements?
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 we
already have existing credit lines or SBA loans?
A:
Yes! We complement 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 in business and have no credit history?
A:
Yes, you can, if you have creditworthy customers.
Q: What happens if my customer
goes bankrupt before paying my invoice?
