Food Factoring

Food Distributors | Food Manufacturers | Food Wholesalers | Food Transportation

Food factoring for manufacturers distributors transportation and wholesalers

1 (800) 317-4933

Food factoring. Receivables funding options for companies in the food service industry tailored to fit the funding needs of food service companies including:

Our funding programs include invoice factoring accounts receivable financing purchase order finance and receivables line of credit and are designed to help companies eliminate the cash flow strains associated with unpaid invoices and the constant chasing down of open receivables. Our facilities can also protect from bad debt with our non-resource option.

THE PROCESS IS A SIMPLE ONE

  • Complete the simple application process (online)
  • Get approved (Documents are then signed)
  • You submit invoices (Invoices are verified)
  • Funds are deposited into your bank account

OTHER ADVANTAGES INCLUDE

  • Hassle-free application to funding process
  • Ideal for companies billing their customers on credit terms of up to 90 days
  • No more waiting for payments on aged accounts receivables
  • Protection from bad debt with our non-resource option
  • Receivables line of credit option (more information below)
  • Purchase order financing available
  • Invoice factoring in the millions for your company's continued growth (availability as you grow)
  • Facilities tailored to fit the funding requirements of our client
  • 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 food and beverages companies that are considering a traditional line of credit or are presently 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 with respect to 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 long application to funding process
  • 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 your area will contact you shortly.



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