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It is always challenging for startup businesses that have been operating for less than two years to secure funding through normal channels, however, generally most startup businesses do have the necessary assets in the form of accounts receivables that can be used to secure a factoring facility or a ledgered line of credit, in addition, the business can also raise capital on their purchase orders.

Purchase order finance and accounts receivables factoring are essential financial products that can help start-ups kickstart the business.

We have a team of kickstart loan specialists that will work closely with the client on the right financial option for the business under terms that are very competitive.

THE FACTORING PROCESS IS A SIMPLE ONE

• Complete and send back the application (via email)
• Quick approval process and then documents signed
• You submit invoices
• Invoices are verified
• Funds are deposited into your bank account

Below are a few of the other advantages:

• Hassle-free application to funding process
• Non-recourse factoring (we assume the risk for non-payment by any customer we are factoring for you)
• Protection from bad debt with our non-resource option
• Receivables line of credit option (more information below)
• Facilities tailored to fit the funding requirements of our client
• Very competitive and attractive rates
• Flexible terms
• Complete access to your account via our secured online portal
• Perform free credit checks on new customers 24/7
• Invoicing and collection services included
• For trucking and transportation, fuel card for savings at the pump and added convenience
• Free load board to help truckers have full loads on each trip
• 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 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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