A/R Financing (factoring)

Key facts to know:

A great substitute when a bank line of credit has been declined

Your invoices will be funded in 1 day instead of your terms (Net 30 etc)

More than offset fees by avoiding late payment fees, re-building your credit, buy inventory in bulk to save cost

Keep up with a quickly growing business' need to replenish inventory faster

80-90% of invoice value is funded in 1 day with the remainder paid when the customer pays the invoice to the factor

A small fee (average 2%) is taken out of the aforementioned 80-90% 

Leave the program whenever you want as long as there are no open invoices

No hidden fees as so many factors charge

FINANCIAL SERVICES

purchase order financing

Key facts to know:

A great substitute when a bank line of credit has been declined

Allows acceptance of very large orders that would otherwise have to be turned down which can result in substantial ROIs on the fees

Leave the program whenever you want 

Commercial Real estate financing

Key facts to know:

Credit scores down to 550 can be accommodated

Pro forma cash flow (projections) can be considered if history isn't there

Owner occupied and investor real estate can both be considered

Equipment finance

Key facts to know:

Application only to as much as $150,000 ($45,000 for start-ups)

100% financing - no down payments

Competitive rates

Vehicles are welcome

Computer soft costs are welcome

Companies that have been credit declined at their bank are welcome

Prompt payment to vendors

Past bankruptcies, open tax liens, open judgments are not necessarily cause for decline

working capital loans

Key facts to know:

A great substitute when a bank line of credit has been declined
Your customers do not know of this as they will with factoring

This can be used in conjunction with factoring and equipment finance, not only instead of them
You can more than offset fees by avoiding late payment fees, re-building your credit, buy inventory in bulk to save cost, meet payroll etc
Keep up with a quickly growing business' need to replenish inventory faster
Based on a % of your gross sales, these loans can be up to 8% of annual sales
The lender does NOT need to be in first position on A/R liens which is often a stumbling block with factoring 
Leave the program whenever you want or renew

TO OBTAIN A NO-OBLIGATION QUOTE: http://connex.2-minute-quote.com/