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HOW IT WORKS
Unlocks immediate liquidity by leveraging our invoice discounting service. Convert your invoices into cash swiftly, boosting your sales volume. Offer improved payment terms to clients while securing discounts through prompt supplier payments. Mitigate the risk of non-payment receivables with our streamlined solution
BENEFITS
- Increase cash flow
- Faster growth
- Combat seasonality
- Flexibility
- Debtor evaluation
- Monitoring of payments dates
QUALIFICATION
- Business in operation for at least 2 years.
- Minimum annual revenue of $250K.
- Account receivables minimum of $150K.
- Account receivables rotation rate less than 90 days.
- Invoices over 90 days not eligible for funding.
- Seller's Gross Profit: 15%
- Seller's Net Profit: 5%
- Advance funding ranges from 70% to 95% of total invoice amount.
- Capital utilization permitted for up to 120 days.
- Buyer must be approved for credit insurance.
TERMS
- Factoring fees range between 0.69% - 4.59% (depending on the days sales outstanding. The average 2.25%)
- $100K up to $10MM Credit Facility
- Pre-qualification in 3 days after insurance approval
- Setup utilization funding in 3 to 5 weeks
- Term 12 months with annual renewal
- Applicant and must be credit insurable
- Loan to value: 70% to 85%
- Setup fee: 2%
- Credit facility annual contract renewal fee: 1%
ADVANTAGES
- Providing the cash flow finance and debt management solution that your business needs to succeed
- Offers a flexible source of working capital driven directly by your trade credit invoices
- Delivers responsive, cost-effective and alternative to a bank overdraft or loan
- Helps you turn today’s sales invoices into tomorrow’s cash flow
- Allows extends favorable terms to customers with confidence
- Cash in your account withing hours instead of weeks and months to manage business operations
- Simple tool to smooth out cash flow
- Quick access to growth Capital