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