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Invoice factoring and financing for information technology and Telecom Companies. Funding solutions that works!

Still waiting for those unpaid invoices? You send the technician out to your customer who needs maintenance on their system, installation work or a new system, you complete the work and invoice the customer.

Now what? You wait 30 to 90 days or longer to get paid, affecting your cash flow and the business. However, there is no need for your cash flow to be tied-up on unpaid invoices.

Our invoice factoring product is designed for IT and telecom companies, including cable and fiber installations, cell tower installers, maintenance companies, telecom consultants and others in the industry.

Our factoring product gives access to your cash in just a few short days after you have invoiced the customers without creating debt. A funding solution that provides a business peace of mind by eliminating cash flow constrains moving forward.

We work with you in creating a custom factoring solution tailored to your specific needs. Flexible terms and no minimums or start-up fees.  You will be working with a factor that has the expertise and financial strength to keep your business running smoothly.

THE PROCESS IS A SIMPLE ONE

• Simple application via email (get approved)
• Documents signed
• Submit invoices (invoices 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
• High advances on receivables
• 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
• 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

Competitive pricing similar to an ABL line structure, typically prime + %, plus a service fee. The service fee is charged monthly on the gross amount of invoices, interest is charged on the amount of funds actually drawn, thus controlling the cost of funding.

The process is simple, the company submit invoices, it creates a pool or borrowing base, then draw up to 80% or 95% depending on the advance rate. The client can draw funds, daily, weekly, bi-weekly, or monthly. Funding is based on the value of your receivables, providing constant capital based on sales. The ledgered line is structured to fit the funding needs of the client.

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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