More Information on Accounts Receivable Loans
The accounts receivable loans method works like an internal bank and offers an alternate way of reaching traditional sources of capital, such as Wall Street firms, banks, leasing companies, and joint venture partners. The structure also resembles off-balance-sheet financing by removing accounts receivable loans from the books and selling them on a non-recourse basis for their fair market value.
Traditionally, companies had access only to account receivable loans factoring programs, a process that involved pledging their accounts receivable as collateral in exchange for cash. Exercising this option also depended on the hospital's creditworthiness. Covenants of hospital bond issues, however, often prohibited them from pledging those assets and using invoice factoring as a source of account receivable loans.
Banks and other lenders use a variety of factors, some of them quite strict, to assess a client's suitability for their receivables financing programs. The criteria may include the size of the company, its credit rating, its total assets (minimum levels of working capital may be required), and the amount of the receivables. Accounts Receivable Loans Lenders also may require a minimum amount to be financed
.
What should i know?
To become knowledgeable and understand some of the terminology, we have listed
a few of the basic terms:
Accounts
Receivable: A group of invoices. Monies owed for goods or services a company
supplied to customers
Invoices: Statement for payment
sent to a client’s customer for goods or services sold and delivered
Advance: Those monies transferred
to the client when the factor buys invoices
Why Businesses Choose Us
Again and Again
for their Account Receivable Factoring
Same Day Funding Advance Rates that Exceed
Industry Norms by 20%
We offer cash advance rates up to 97%
The typical maximum in the invoice factoring industry is 80%.
We can offer you higher advances because
of our unique financing capabilities Flexible Contracts-
We provide you with contracts
that meet your cash flow needs,not ours.
Unlike the others, we do not make
you sign long-term contracts and we don't
charge you fees when you are inactive.
Invoice Processing
Not only can we offer you the most
advanced technolgy but we also maintain
the old-fashioned systems because
every client has different needs.
Unlike the Others, our objective here
is not to force you to conform to us,
but to get you the cash you need
in the quickest and most
efficient manner.
Credit Management Services at No Extra Cost
We provide credit analysis on both
new and existing accounts.
We actually pull credit reports
from various reporting services that
we contract with and report back
to you as to whether or not
they are creditworthy
Experienced Account Managers
We are seasoned professionals with
an average of 11years industry experience per account executive.
(Well above the receivable factoring industry
norm of 2 years)
Personalized Service
You have one dedicated person and his
or her assistant who handle your account.
Unlike the others, with us you don't
have to start over each time you call
with a new person Please contact us today
and our seasoned account receivable factoring
specialists will help you
get the cash you need TODAY
1-800-986-1854
Email Us
or complete the
On-Line Invoice Factoring Request Form