Accounts Receivable Factoring program is for businesses needing additional working capital. An ideal business that would benefit from this program would be one that lacks history, experiencing tremendous growth, or are having cash flow challenges.

 

Program Details:

Loan Amount: $50,000 to $5,000,000

Advance Rates: 70% to 80%

Terms: Up to 24 months

Industries: Oil and gas, printing, manufacturing, temporary staffing, telecommunication, transportation, distributors, janitorial, construction, consulting and more

Other: Selective and Spot Factoring available

 

Program Benefits:

• Gives a business the necessary cash flow to make payroll on time, pay taxes, and bills on time.

• It helps businesses take advantage of supplier discounts for quick payments.

• Helps businesses cover a supplier's whose payment terms are less than what your standard collection times are. For example, if a business needs to pay a supplier in thirty days, but their client typically pays in forty-five days, this will allow a business to maintain their good credit standing by meeting the thirty-day payment time frame given by the supplier.