Flexible invoice factoring, accounts receivable financing, and a ledgered line of credit for companies in California. You will be working with our California affiliate, which has options to improve cash flow and eliminate the struggles associated with unpaid invoices.
THE PROCESS IS A SIMPLE ONE
- Complete the simple application process
- Get approved (Documents are then signed)
- You submit invoices (Invoices are verified)
- Funds are deposited into your bank account
Factoring is available to most industries, including manufacturing apparel and fashion textile distribution, temporary staffing trucking, transportation companies, and wholesales.
Below are a few of the other advantages:
- Hassle-free application
- Ideal for companies billing their customers on credit terms of up to 90 days
- No more waiting for payments on aged accounts receivables
- By offering credit to your customers you can secure more customers
- Protection from bad debt with our non-resource option
- Receivables line of credit option (more information below)
- Purchase order financing available
- Factoring starts at $20,000 and goes up to millions for your company's continued growth
- Facilities tailored to fit the funding requirements of our client
- Up to 90%-95% advances (Staffing)
- Up to 92%-97% advances (trucking)
- Up to 85%-95% advances (freight brokers)
- Up to 90%-95% advances (other industries)
- Very competitive and attractive rates
- Flexible terms
- We specialize in Vendor Management Systems (VMS Systems)
- Complete access to your account via our secured online portal
- Perform free credit checks on new customers 24/7
- Invoicing and collection services included
- Funding for well-seasoned companies and startups
- Plus other benefits
RECEIVABLES LINE OF CREDIT
Our receivables line of credit option is called a ledgered line of credit, which offers many of the advantages of a traditional bank line of credit except for the restrictions that can hinder a company's growth should a financial covenant is not met during a review of the latest financials or an audit. A ledgered line of credit has no such restrictions.
A ledgered line is ideal for companies considering a traditional line of credit or are present with an asset-based lending or bank line and would like to get away from the strict requirements but maintain the features of a traditional line and competitive pricing. And unlike a traditional line of credit, there are no audits or restrictive covenants for ratios, concentration, etc.
HERE ARE THE OBVIOUS ADVANTAGES OF A LEDGERED LINE OF CREDIT
- No audit requirements
- No restrictive financial requirements
- No restrictive covenants
- No financial ratio requirements
- No concentration restrictions
- No complicated application
- Plus other benefits
For more information about our invoice factoring or receivables line of credit, please submit this SHORT FORM. The affiliate office that handles California will contact you shortly.
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